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<SEC-DOCUMENT>0001193125-06-076777.txt : 20060410
<SEC-HEADER>0001193125-06-076777.hdr.sgml : 20060410
<ACCEPTANCE-DATETIME>20060410151559
ACCESSION NUMBER:		0001193125-06-076777
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20060406
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060410
DATE AS OF CHANGE:		20060410

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FULL HOUSE RESORTS INC
		CENTRAL INDEX KEY:			0000891482
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				133391527
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32583
		FILM NUMBER:		06750711

	BUSINESS ADDRESS:	
		STREET 1:		4670 S. FORT APACHE ROAD
		STREET 2:		SUITE 190
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89147
		BUSINESS PHONE:		7022217800

	MAIL ADDRESS:	
		STREET 1:		4670 S. FORT APACHE ROAD
		STREET 2:		SUITE 190
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89147
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="5"><B>FORM 8-K </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="4"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Securities and Exchange Act of
1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Date of Report (date of earliest event reported): April&nbsp;6, 2006 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"><B>FULL HOUSE RESORTS, INC.
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Exact Name of Registrant as Specified in Its Charter) </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Delaware</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>1-32583</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>13-3391527</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(State or Other<BR>Jurisdiction of<BR>Incorporation)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Commission File<BR>Number)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(IRS Employer<BR>Identification No.)</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>4670 S. Fort Apache Road, Suite 190 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Las Vegas, Nevada 89147 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Address of principal executive office)
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Registrant&#146;s telephone number, including area code: <U>(702)&nbsp;221-7800 </U> </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Check the appropriate box below if the Form&nbsp;8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below): </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left">

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;1.01&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">On April&nbsp;6, 2006, Full House Resorts, Inc. (the &#147;Company&#148;), and the James R Peters Family Trust, entered into a Stock Purchase Agreement
under which the Company will acquire all of the outstanding shares of Stockman&#146;s Casino, Inc. for $25.5 million. An adjustment to the purchase price could occur if the operation exceeds certain financial targets during the 12 months prior to
closing. The closing of the transaction is expected to occur later this year and is subject to the receipt of regulatory approvals. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The
Stock Purchase Agreement is attached hereto as Exhibit 2.1 and incorporated herein by reference. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;7.01.&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD
Disclosure </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">On April&nbsp;10, 2006, the Company issued a press release announcing the agreement described above. A copy of such press
release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The information in this
Item&nbsp;7.01 of Form 8-K and the Exhibit attached hereto shall not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Item&nbsp;9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements, Pro Forma Financial Information and Exhibits </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The following exhibits are being furnished herewith: </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Exhibit&nbsp;No.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Description</B></FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Stock Purchase Agreement, dated April&nbsp;6, 2006, between Full House Resorts, Inc. and the James R. Peters Family Trust.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Press release issued by the Company on April&nbsp;10, 2006.</FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P> <P
STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="90%" BORDER="0">

<TR>
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="41%"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>FULL HOUSE RESORTS, INC.</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Date: April 10, 2006</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ Andre M. Hilliou</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Name: Andre M. Hilliou</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2">Title: Chief Executive
Officer</FONT></P></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>dex21.htm
<DESCRIPTION>STOCK PURCHASE AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Stock Purchase Agreement</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>EXHIBIT 2.1 </B></FONT></P> <P STYLE="margin-top:96px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="4"><B>STOCK PURCHASE AGREEMENT </B></FONT></P> <P STYLE="margin-top:48px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="4"><B>between </B></FONT></P> <P STYLE="margin-top:48px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="4"><B>FULL HOUSE RESORTS, INC. </B></FONT></P> <P STYLE="margin-top:48px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="4"><B>and </B></FONT></P> <P
STYLE="margin-top:48px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="4"><B>JAMES R. PETERS, AS TRUSTEE OF THE JAMES R. PETERS FAMILY TRUST DATED OCTOBER 18, 2002 </B></FONT></P> <P STYLE="margin-top:96px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>April&nbsp;6<FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000">, 2006 </FONT></B></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>TABLE OF CONTENTS </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Definitions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Purchase and Sale of Shares</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Basic Transaction</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Purchase Price</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">EBITDA Adjustment</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Working Capital Adjustment</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">The Closing</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Deliveries at the Closing</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Representations and Warranties Concerning the Transaction</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">3.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Representations and Warranties of Seller</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">3.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Representations and Warranties of Buyer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Representations and Warranties Concerning the Company</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Organization, Qualification, and Corporate Power</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Capitalization</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Noncontravention</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Brokers&#146; Fees</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Title to Assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Financial Statements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Books and Records; Internal Controls</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">No Material Adverse Change</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Absence of Certain Changes and Events</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">No Undisclosed Liabilities</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Legal Compliance</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Real Estate</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Intellectual Property</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tangible Assets</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Inventory</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Contracts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Notes and Accounts Receivable</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Powers of Attorney</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Insurance</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Litigation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Employees</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.23</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Employee Benefits</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Guaranties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.25</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Environmental, Health, and Safety Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Certain Business Relationships</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.27</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Compliance with Gaming Laws</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">i </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="90%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.28</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Licenses and Permits</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.29</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Players&#146; Club</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4.30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Progressive Slots</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.31</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Chips and Tokens</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4.32</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Disclosure</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Pre-Closing Covenants</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">General</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Notices and Consents</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Preservation of Licenses</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Conduct of Business</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Full Access</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Notice of Developments</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">34</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Exclusivity</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">34</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Title Insurance</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Surveys</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Real Estate Conveyance</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Existing Debt</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Franchise Agreement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Damage or Destruction</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Condemnation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Insurance</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Revocation of S Election</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5.17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Financial Statements and Reports; Filings</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">6.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Post-Closing Covenants</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">General</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Litigation Support</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Transition</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Confidentiality</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Covenant Not to Compete</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Proprietary Information of the Company</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">7.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Conditions to Obligation to Close</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Conditions to Obligation of Buyer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Conditions to Obligation of Seller</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">8.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Remedies for Breaches of This Agreement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Survival of Representations and Warranties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Indemnification Provisions for Benefit of the Buyer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Indemnification Provisions for Benefit of Seller</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Matters Involving Third Parties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Determination of Adverse Consequences</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Recoupment Under Buyer&#146;s Note or Escrow Account</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Other Indemnification Provisions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ii </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">9.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Tax Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Periods Ending on or Before the Closing Date</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Periods Beginning Before and Ending After the Closing Date</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Cooperation on Tax Matters</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Sharing Agreements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Certain Taxes</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">10.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Termination</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Termination of Agreement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Effect of Termination</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">11.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">Miscellaneous</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Press Release and Public Announcements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">No Third-Party Beneficiaries</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Entire Agreement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Succession and Assignment</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Counterparts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Headings</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Notices</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Governing Law</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Amendments and Waivers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Severability</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Expenses</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11.12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Construction</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Incorporation of Exhibits, Annexes, and Schedules</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:15%"><FONT FACE="Times New Roman" SIZE="2">Exhibit A&#151;Real Estate </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT FACE="Times New Roman" SIZE="2">Exhibit B&#151;Buyer&#146;s Note </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT FACE="Times New Roman" SIZE="2">Exhibit C
&#150; Working Capital Methodology </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT FACE="Times New Roman" SIZE="2">Exhibit D&#151;Financial Statements </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT FACE="Times New Roman" SIZE="2">Exhibit E&#151;Form of Opinion of Counsel to Seller </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT FACE="Times New Roman"
SIZE="2">Annex I&#151;Exceptions to Seller&#146;s Representations and Warranties </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:17%"><FONT FACE="Times New Roman" SIZE="2">Concerning the Transaction </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:15%"><FONT FACE="Times New Roman" SIZE="2">Disclosure Schedule&#151;Exceptions to Representations and Warranties </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:17%"><FONT
FACE="Times New Roman" SIZE="2">Concerning the Company and the Real Estate </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">iii </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>STOCK PURCHASE AGREEMENT </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">THIS STOCK PURCHASE AGREEMENT (this &#147;<I>Agreement</I>&#148;) is entered into as of April&nbsp;6</FONT><FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">, 2006, by and between Full House Resorts, Inc. a Delaware corporation (&#147;<I>Buyer</I>&#148;), and James R. Peters, as Trustee of The James R. Peters
Family Trust, dated October&nbsp;18, 2002, (&#147;<I>Seller</I>&#148;). Buyer and Seller are referred to collectively herein as the &#147;<I>Parties</I>.&#148; </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>INTRODUCTION </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Seller owns all the issued and outstanding capital stock of Stockman&#146;s Casino,
Inc., a Nevada corporation (&#147;<I>Company</I>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This Agreement contemplates a transaction in which Buyer will purchase from
Seller, and Seller will sell to Buyer, all of the issued and outstanding capital stock of the Company in return for cash and, if applicable, the Buyer&#146;s Note. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>AGREEMENT </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">NOW, THEREFORE, in consideration of the mutual representations, warranties and covenants
contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>1.0</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Definitions </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Actual Cash on
Hand</I>&#148; means Cash on Hand of the Company as set forth in the Final Statement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Actual Working Capital</I>&#148; means the
Working Capital of the Company as set forth in the Final Statement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Adverse Consequences</I>&#148; means all actions, suits,
proceedings, hearings, investigations, charges, complaints, claims, demands, injunctions, judgments, orders, decrees, rulings, damages, dues, penalties, fines, costs, amounts paid in settlement, Liabilities, obligations, Taxes, liens, losses,
expenses, and fees, including court costs and reasonable attorneys&#146; fees and expenses. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Affiliate</I>&#148; has the meaning
set forth in Rule 12b-2 of the regulations promulgated under the Securities Exchange Act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Affiliated Group</I>&#148; means any
affiliated group within the meaning of Code Section&nbsp;1504(a) or any similar group defined under a similar provision of state, local or foreign law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<I>Applicable Rate</I>&#148; means an interest rate equal to the 1 year London Interbank Offered Rate (LIBOR) as published from time to time by Fannie Mae for the period during which the Closing occurs plus 2%.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Buyer</I>&#148; has the meaning set forth in the Introduction above. </FONT></P>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Buyer&#146;s Note</I>&#148; has the meaning set forth in Section&nbsp;2.3 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Cash on Hand</I>&#148; means all cash on hand (including restricted cash) at a time on the Closing Date coinciding with the end of the
Company&#146;s normal gaming day , including without limitation Casino Cash. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Casino Cash</I>&#148; means all of the cash (and
coin) in the Company&#146;s gaming devices, cages and change banks (after giving effect to the contra accounts for gaming chip and tokens purchased), coin vaults, safes, cash drawers and cash registers and any other money centers at the premises of
the Company at a time on the Closing Date coinciding with the end of the Company&#146;s normal gaming day. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Closing</I>&#148; has
the meaning set forth in Section&nbsp;2.6 below. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Closing Date</I>&#148; has the meaning set forth in Section&nbsp;2.6 below.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Code</I>&#148; means the Internal Revenue Code of 1986, as amended. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>COBRA</I>&#148; means the requirements of Part 6 of Subtitle B of Title I of ERISA and Code Section&nbsp;4980B. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Company</I>&#148; has the meaning set forth in the Introduction above. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Contract</I>&#148; means any written agreement, contract, obligation, or undertaking that is legally binding. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Deposit</I>&#148; has the meaning set forth in Section&nbsp;2.2.4 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Disclosure Schedule</I>&#148; has the meaning set forth in Section&nbsp;4 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;Due Diligence List&#148; means the due diligence request form prepared by Buyer. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Due Diligence Period</I>&#148; means the sixty (60)&nbsp;days immediately following the date this Agreement is executed. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>EBITDA</I>&#148; means earnings of the Company before investment interest income not related to required cash balances, interest expense, income
taxes, depreciation and amortization (including any deduction under Section&nbsp;179 of the Code), stockholder-officer compensation and non-recurring transaction costs or expenses related to this Agreement and the transactions contemplated
hereunder, in each case as determined in accordance with GAAP, and adjusted for the rental payments made by the Company to Seller with respect to the Real Estate. In calculating EBITDA, Seller will cause Company to maintain at least the same or
equivalent levels of operation and personnel and levels or proportions of operating expenses, capital expenses and investments (excluding expansions and/or capital improvements occurring during the ordinary course of business) in the Company as
during the most recent three years of operations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>EBITDA Adjustment Amount</I>&#148; has the meaning set forth in
Section&nbsp;2.3 below. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Employee Benefit Plan</I>&#148; means any (a)&nbsp;nonqualified deferred compensation or
retirement plan or arrangement, (b)&nbsp;qualified defined contribution retirement plan or arrangement which is an Employee Pension Benefit Plan, (c)&nbsp;qualified defined benefit retirement plan or arrangement which is an Employee Pension Benefit
Plan (including any Multiemployer Plan), or (d)&nbsp;Employee Welfare Benefit Plan or material fringe benefit or other retirement, bonus, or incentive plan or program. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<I>Employee Pension Benefit Plan</I>&#148; has the meaning set forth in ERISA Section&nbsp;3(2). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<I>Employee Welfare Benefit Plan</I>&#148; has the meaning set forth in ERISA Section&nbsp;3(1). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<I>Encumbrance</I>&#148; means any mortgage, easement, servitude, right or way, charge, claim, community property interest, condition, equitable interest, lien, option, pledge, security interest, right of first refusal, or restriction
of any kind, including any restriction or use, voting, transfer, receipt of income, or exercise of any other attribute of ownership. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<I>Environmental, Health, and Safety Requirements</I>&#148; means all federal, state, local and foreign statutes, regulations, ordinances and other provisions having the force or effect of law, all judicial and administrative orders
and determinations, all contractual obligations and all common law concerning public health and safety, worker health and safety, and pollution or protection of the environment, including without limitation all those relating to the presence, use,
production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control, or cleanup of any hazardous materials, substances or wastes, chemical
substances or mixtures, pesticides, pollutants, contaminants, toxic chemicals, petroleum products or byproducts, asbestos, polychlorinated biphenyls, noise or radiation, each as amended and as now or hereafter in effect. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>ERISA</I>&#148; means the Employee Retirement Income Security Act of 1974, as amended, or any successor law, and regulations and rules issued
pursuant to that Act or any successor law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>ERISA Affiliate</I>&#148; means each entity which is treated as a single employer with
Seller for purposes of Code Section&nbsp;414. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Escrow Account</I>&#148; has the meaning set forth in Section&nbsp;2.2.5 below.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Final Statement</I>&#148; has the meaning set forth in Section&nbsp;2.4.2 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Financial Statement</I>&#148; has the meaning set forth in Section&nbsp;4.6 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>GAAP</I>&#148; means generally accepted accounting principles promulgated by the American Institute of Certified Public Accounts, as in effect
from time to time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Gaming Laws</I>&#148; means the federal, state, local or foreign statutes, ordinances, rules, regulations,
permits, consents, approvals, licenses, judgments, orders, decrees, injunctions and other authorizations governing or relating to the current or contemplated casino and gaming operations and activities of the Buyer and Seller, including without
limitation all applicable Nevada gaming statutes, regulations, rules or administrative orders. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Indemnified Party</I>&#148; has the meaning set forth in Section&nbsp;8.4 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Indemnifying Party</I>&#148; has the meaning set forth in Section&nbsp;8.4 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Intellectual Property</I>&#148; means (a)&nbsp;all inventions and discoveries (whether patentable or unpatentable and whether or not reduced to
practice), all improvements thereto, and all patents, patent applications, and patent disclosures, together with all reissuances, continuations, continuations-in-part, revisions, extensions, and reexaminations thereof, (b)&nbsp;all registered and
unregistered trademarks, service marks, trade dress, logos, trade names, corporate names (including the name &#147;Stockman&#146;s&#148; or &#147;Stockman&#146;s Casino&#148;), and fictional business names, together with all translations,
adaptations, derivations, and combinations thereof and including all goodwill associated therewith, and all applications, registrations, and renewals in connection therewith, (c)&nbsp;all copyrightable works, all copyrights in both published and
unpublished works, and all applications, registrations, and renewals in connection therewith, (d)&nbsp;all mask works and all applications, registrations, and renewals in connection therewith, (e)&nbsp;all trade secrets and confidential business
information (including ideas, research and development, know-how, formulas, compositions, manufacturing and production processes and techniques, technical information, data, designs, drawings, plans, specifications, blue prints, customer and
supplier lists, pricing and cost information, and business and marketing plans and proposals), (f)&nbsp;all computer software (including data and related documentation), (g)&nbsp;all other proprietary rights, and (h)&nbsp;all copies and tangible
embodiments thereof (in whatever form or medium). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Inventory</I>&#148; means all inventories of office, restaurant, bar, hotel,
casino and other supplies (including without limitation all preprinted casino forms, foods and alcoholic and non-alcoholic beverages), parts, packaging materials and other accessories related thereto that are held at, or are in transit from and to,
the locations at which the Company conducts its business, in each case, which are used or held for use by the Company in the conduct of the Company&#146;s business. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<I>Knowledge</I>&#148; or &#147;knowledge&#148; means with respect to Company and Seller, the actual knowledge of James R. Peters and Nancy J. Newton; and with respect to any other Person, the actual knowledge
of such Person, and if such Person is not a natural person, the actual knowledge of the current officers, directors, partners, members or managers of such Person. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<I>Liability</I>&#148; means any debt, loss, expense, liability, damages, fine, cost, royalty, proceeding, deficiency or obligation of any nature (whether known or unknown, asserted or unasserted, absolute or
contingent, accrued or unaccrued, liquidated or unliquidated, and due or to become due), including any liability for Taxes. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Most
Recent Balance Sheet</I>&#148; means the balance sheet contained within the Most Recent Financial Statements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Most Recent
Financial Statements</I>&#148; has the meaning set forth in Section&nbsp;4.6 below. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Most Recent Fiscal Month End</I>&#148; has
the meaning set forth in Section&nbsp;4.6 below. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Most Recent Fiscal Year End</I>&#148; has the meaning set forth in Section&nbsp;4.6 below.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Multiemployer Plan</I>&#148; has the meaning set forth in ERISA Section&nbsp;3(37). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Party</I>&#148; has the meaning set forth in the Introduction above. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>PBGC</I>&#148; means the Pension Benefit Guaranty Corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<I>Person</I>&#148; means an individual, a general or limited partnership, a corporation (including any non-profit corporation), a limited liability company, an association, a joint stock company, an estate, a
trust, a joint venture, an unincorporated organization, or a governmental entity (or any department, agency, branch, official, court, tribunal or other instrumentality or political subdivision thereof). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Players&#146; Club Database</I>&#148; has the meaning set forth in Section&nbsp;4.29 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Prohibited Transaction</I>&#148; has the meaning set forth in ERISA Section&nbsp;406 and Code Section&nbsp;4975. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Purchase Price</I>&#148; has the meaning set forth in Section&nbsp;2.2 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Real Estate</I>&#148; means that certain piece of real property located at 1560 West Williams Avenue, Fallon, Nevada, and more fully described
in <U>Exhibit A</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Reportable Event</I>&#148; has the meaning set forth in ERISA Section&nbsp;4043. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Required Cash Reserves</I>&#148; has the meaning set forth in Section&nbsp;4.27 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Securities Act</I>&#148; means the Securities Act of 1933, as amended. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Securities Exchange Act</I>&#148; means the Securities Exchange Act of 1934, as amended. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Security Interest</I>&#148; means any mortgage, conditional sale or other title retention agreement, hypothecation, pledge, lien, encumbrance,
charge, judgment, interest, setoff, claim of any kind or nature, or other security interest whether arising by agreement, by statute or otherwise, other than (a)&nbsp;mechanic&#146;s, materialmen&#146;s, workers, repairmen, warehouse men, carrier
and similar liens, (b)&nbsp;liens for Taxes not yet due and payable or for Taxes that the taxpayer is contesting in good faith through appropriate proceedings and the liability for which accrued prior to the Most Recent Fiscal Year End and is
included as a liability on the Most Recent Financial Statements, (c)&nbsp;purchase money liens and liens securing rental payments under capital lease arrangements, and (d)&nbsp;other liens arising in the ordinary course of business and not incurred
in connection with the borrowing of money. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Seller</I>&#148; has the meaning set forth in the Introduction above. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Share</I>&#148; means any share of the capital stock of the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><I>&#147;Survey</I>&#148; has the meaning set forth in Section&nbsp;5.9 below. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>System</I>&#148; means the Stockman&#146;s Casino System, including count room and TITO ticket
redemption equipment, point of sale (POS) system, hotel reservation system and billing and accounting system, hotel room key system, hotel room movie system, liquor dispensing system, telecommunications system, and existing data interfaces between
the following systems: (i)&nbsp;telecommunications call accounting and hotel reservation and billing system, (ii)&nbsp;hotel in-room movie system and hotel reservation and billing system and (iii)&nbsp;liquor system and point of sale (POS) system.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Tax</I>&#148; means any income, gaming, capital gains, gross receipts, license, payroll, employment, excise, severance, stamp,
occupation, premium, windfall profits, environmental (including taxes under Code Section&nbsp;59A), customs duties, capital stock, franchise, profits, withholding, social security (or similar), unemployment, disability, real property, personal
property, sales, use, transfer, registration, value added, gift, estate, alternative or add-on minimum, estimated, or other tax levy, assessment, tariff, duty, customs duty, deficiency, or fee of any kind whatsoever, including any interest, penalty,
or addition thereto, whether disputed or not, imposed, assessed, or collected by or under the authority of any governmental body or payable pursuant to any tax-sharing agreement or any other contract relating to the sharing or payment of any such
tax, levy, assessment, tariff, duty, customs duty, deficiency, or fee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Tax Return</I>&#148; means any return, declaration,
report, claim for refund, notice, form, information return or statement, or other document or information relating to any Tax, including any schedule or attachment thereto, and including any amendment thereof. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Third Party Claim</I>&#148; has the meaning set forth in Section&nbsp;8.4.1 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>TITO</I>&#148; means Ticket In/Ticket Out technology used in a gaming machine that allows a proprietary voucher to be used to initiate play on
the device or allow for the cash out of funds remaining on the device. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Working Capital</I>&#148; means current assets of the
Company less current liabilities of the Company as determined in accordance with GAAP applied on a consistent basis and in the methodology described in Section&nbsp;2.4 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Working Capital Adjustment Amount</I>&#148; has the meaning set forth in Section&nbsp;2.4.4 below. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<I>Working Capital Statement</I>&#148; has the meaning set forth in Section&nbsp;2.4.1 below. </FONT></P> <P
STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>2.0</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Purchase and Sale of Shares. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>2.1 Basic
Transaction. </B>On and subject to the terms and conditions of this Agreement, Buyer agrees to purchase from Seller, and Seller agrees to sell and transfer to Buyer, all of its Shares for the consideration specified below in Section&nbsp;2.2.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>2.2 Purchase Price.</B> The purchase price (the &#147;<B></B><I>Purchase Price</I><B></B>&#148;) for the Shares will be Twenty-Five
Million Five Hundred Thousand Dollars ($25,500,000), as increased, but not decreased, by the EBITDA Adjustment Amount. The Purchase Price will be paid as follows: <B> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.2.1 A refundable cash deposit in the amount of Two Hundred Fifty Thousand Dollars ($250,000) was placed
by Buyer into the Attorney&#146;s Trust Account of Seller&#146;s counsel upon the Parties&#146; execution of that certain Letter of Intent dated January&nbsp;23, 2006. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">2.2.2 Upon execution of this Agreement, Buyer will deposit an additional cash deposit in the amount of Five Hundred Thousand Dollars ($500,000) with the Attorney&#146;s Trust Account of Seller&#146;s counsel pursuant
to that certain escrow agreement of even date herewith by and among Buyer, Seller and Seller&#146;s counsel. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.2.3 If the Closing has not
occurred on or before January&nbsp;31, 2007, through no fault, intentional action or omission of Seller, then on such date, Buyer will deposit an additional cash deposit in the amount of Two Hundred Fifty Thousand Dollars ($250,000) with the
Attorney&#146;s Trust Account of Seller&#146;s counsel. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.2.4 The deposits referred to in Section&nbsp;2.2.1, Section&nbsp;2.2.2 and, if
applicable, Section&nbsp;2.2.3 are referred to collectively herein as the &#147;<I>Deposit</I>.&#148; The Deposit will be refundable to Buyer until the expiration of the Due Diligence Period, at which time the Deposit will become non-refundable and
released to Seller on the Closing Date, , or, if the transaction contemplated hereby does not close for any reason other than Seller default, released to Seller on or before the scheduled Closing Date. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.2.5 On the Closing Date (a)&nbsp;Buyer will instruct Seller&#146;s counsel to release the Deposit to Seller and (b)&nbsp;Buyer will pay to Seller by
wire transfer to an account specified by Seller, an amount in cash equal to the Purchase Price less the Deposit. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.2.6 Not less than three
(3)&nbsp;business days before the Closing Date, Seller will provide Buyer (i)&nbsp;a written certification executed by the Seller setting forth the estimated Working Capital of the Company, including estimated Cash on Hand, as of the close of
business on the day preceding the Closing Date prepared in accordance with the principles and methods set forth in Section&nbsp;2.4 for preparing the Working Capital Statement and (ii)&nbsp;the Financial Statements described in Section&nbsp;4.6.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.2.7 On the Closing Date, Seller will confirm the amount of Cash on Hand by causing the Company to conduct a physical count of the Casino
Cash and providing bank confirmation of cash in the bank. Buyer will have the right to designate representatives to monitor and observe such physical count. Based upon the results of such physical count, Seller will provide Buyer a written
certification executed by the Seller setting forth the actual amount of Cash on Hand, which amount will be included as an item on the Working Capital Statement to be provided by Buyer under Section&nbsp;2.4. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>2.3 EBITDA Adjustment. </B>On the Closing Date, Buyer will execute and deliver to Seller a promissory note (&#147;<I>Buyer&#146;s Note</I>&#148;) in
an amount (the &#147;<I>EBITDA Adjustment Amount</I>&#148;) equal to the excess, if any, of (i)&nbsp;five and seventy-five hundredths (5.75)&nbsp;times EBITDA for the twelve (12)&nbsp;month period ending on the last day of the month immediately
preceding the Closing Date over (ii)&nbsp;Twenty Five Million Five Hundred Thousand Dollars ($25,500,000). The Buyer&#146;s Note will be substantially in the form of <U>Exhibit&nbsp;B</U> attached hereto. If the EBITDA Adjustment </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Amount exceeds $200,000, the Buyer&#146;s Note will be secured by a lien on the Real Estate, which lien shall be subordinate to any purchase money lien and
may be subordinate to other liens and Security Interests in the Real Estate, or, in Buyer&#146;s discretion, other collateral reasonably acceptable to Seller. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>2.4 Working Capital Adjustment. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">2.4.1 As promptly as practicable, but no later than sixty
(60)&nbsp;days after the Closing Date, Buyer will prepare and deliver to Seller a statement setting forth the Working Capital (the &#147;<I>Working Capital Statement</I>&#148;). The Working Capital Statement will be prepared (i)&nbsp;in accordance
with GAAP, (ii)&nbsp;consistent with the Company&#146;s past practice used in calculating the components of Working Capital for the Financial Statements, and (iii)&nbsp;consistent with the working capital methodology set forth in <U>Exhibit C</U>.
Following the delivery of the Working Capital Statement, Buyer will give Seller and the independent accountants of Seller access at all reasonable times to the properties, books, records and personnel of the Company and the working papers of Buyer
and Buyer&#146;s auditors relating to the Working Capital Statement. Seller will have sixty (60)&nbsp;days following delivery to Seller of the Working Capital Statement during which to notify Buyer in writing of any dispute of any item contained in
the Working Capital Statement, which notice will set forth in reasonable detail the basis for such dispute and the Working Capital proposed by Seller (the &#147;<I>Dispute Notice</I>&#148;). If Seller fails to notify Buyer in writing of any dispute
within such sixty-day period, the Working Capital Statement will be deemed to be the Final Statement (as defined below). In the event that Seller notifies Buyer of any dispute on or prior to such sixtieth day, any amounts contained in the Working
Capital Statement that are not disputed by Seller in the Dispute Notice will be deemed to have been finally determined for purposes of calculating the actual Working Capital. For a period of fifteen (15)&nbsp;days following the delivery of the
Dispute Notice to Buyer, the Chief Executive Officer and Chief Financial Officer (or the person or persons performing similar functions) of both Parties will attempt to resolve in good faith the amounts disputed in the Dispute Notice. During such
fifteen-day period, Buyer will be permitted to review the working papers of Seller and Seller&#146;s auditors relating to the Working Capital Statement and the Dispute Notice, and Seller will be permitted to review the working papers of Buyer and
Buyer&#146;s auditors relating to the Working Capital Statement. Amounts resolved by such attempts within such fifteen (15)&nbsp;day period will be deemed to have been finally determined for purposes of calculating the Actual Working Capital.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">2.4.2 If Buyer and Seller are unable to resolve any such dispute prior to the end of such fifteen (15)&nbsp;day period, an accounting firm
independent from Buyer&#146;s and Seller&#146;s respective normal auditor or outside accountants and mutually acceptable to both Buyer and Seller (the &#147;<I>Independent Accounting Firm</I>&#148;) will be appointed by Buyer and Seller to resolve
such dispute and such determination will be final and binding on the Parties. The Independent Accounting Firm so appointed may not make any determination with respect to any matter not set forth in the Dispute Notice and the Independent Accounting
Firm&#146;s determination will not be more than the Working Capital set forth in the Dispute Notice or less than the amount of the Working Capital set forth in the Working Capital Statement. Each of Buyer and Seller and their respective independent
accountants will give the Independent Accounting Firm access at all reasonable times to the properties, books, records and personnel of the Company for purposes of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">reviewing the Dispute Notice and the Working Capital Statement and calculating the Actual Working Capital. The Independent Accounting Firm will be instructed
to use reasonable efforts to perform its services within thirty (30)&nbsp;days of submission of the Dispute Notice and the Working Capital Statement to it and, in any case, as promptly as practicable after such submission. The Working Capital
Statement, as modified by resolution of any disputes by Buyer and Seller or by the Independent Accounting Firm, will be deemed to be the final statement of actual Working Capital and will be binding on the Parties (the &#147;<I>Final
Statement</I>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">2.4.3 Any expenses relating to the engagement of the Independent Accounting Firm will be paid by Buyer and Seller in
equal proportion. Each of Buyer and Seller will pay all advisors&#146; fees, charges and expenses incurred by it in connection with the dispute. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman"
SIZE="2">2.4.4 If the actual Working Capital set forth on the Final Statement is less than One Million Dollars ($1,000,000) (the &#147;Target Working Capital&#148;) , then Seller will, within five (5)&nbsp;days of Seller&#146;s receipt of the Final
Statement, deliver by wire transfer of immediately available funds to an account specified by the Buyer in writing, an amount equal to such deficiency. If the actual Working Capital set forth on the Final Statement is more than the Target Working
Capital, then Buyer will, within five (5)&nbsp;days of Seller&#146;s receipt of the Final Statement, deliver by wire transfer of immediately available funds to an account specified by Seller in writing, an amount equal to such excess. The amount by
which the actual Working Capital and the Target Working Capital differ will be the &#147;<I>Working Capital Adjustment Amount&#148;</I>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>2.5 Closing.</B> The closing of the transactions contemplated by this Agreement (the &#147;<I>Closing</I>&#148;) will take place at the offices of Seller&#146;s counsel in Reno, Nevada, commencing at 10:00 a.m. local time on the earlier
of (i)&nbsp;January&nbsp;31, 2007, or (ii)&nbsp;within seven days of Buyer&#146;s notification to Seller that Buyer has obtained all applicable approvals from the Nevada gaming and liquor licensing authorities (the &#147;<I>Closing Date</I>&#148;).
If the Closing Date does not occur on or before January&nbsp;31, 2007 due to no fault of Seller, Buyer will pay to Seller the additional deposit described in Section&nbsp;2.2.3 and the Closing Date will be extended to the earlier of
(a)&nbsp;April&nbsp;30, 2007 or (b)&nbsp;within seven days of Buyer&#146;s notification to Seller that Buyer has obtained all applicable approvals from the Nevada gaming and liquor licensing authorities. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>2.6 Closing Obligations. </B>At the Closing:<B> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT
FACE="Times New Roman" SIZE="2">2.6.1 Seller will deliver to Buyer: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">2.6.1.1 All certificates representing the Shares duly
endorsed (or accompanied by duly executed stock powers) for transfer to Buyer; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">2.6.1.2 A certificate duly endorsed by
Seller setting forth the actual Cash on Hand and the Working Capital; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">2.6.1.3 A certificate executed by Seller to the
effect that, except as otherwise stated in such certificate, each of Seller&#146;s representations and warranties in this Agreement was accurate in all material respects as of the date of this Agreement and is accurate in all material respects as of
the Closing Date as if made on the Closing Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">2.6.2 Buyer will deliver to Seller: </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">2.6.2.1 A wire transfer of immediately available funds to the account specified by Seller in the amount of the Purchase Price less the
Deposit; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">2.6.2.2 The Buyer&#146;s Note and security instrument, if applicable; and </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">2.6.2.3 A certificate executed by Buyer to the effect that, except as otherwise stated in such certificate, each of Buyer&#146;s
representations and warranties in this Agreement was accurate in all respects as of the date of this Agreement and is accurate in all material respects as of the Closing Date as if made on the Closing Date. </FONT></P> <P
STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>3.0</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Representations and Warranties Concerning the Transaction. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>3.1 Representations and Warranties of Seller. </B>Seller represents and warrants to Buyer that the statements contained in this Section&nbsp;3.1 are correct and complete as of the date of this Agreement and will be correct and complete
as of the Closing Date (as though made then and as though the Closing Date were substituted for the date of this Agreement throughout this Section&nbsp;3.1) with respect to itself, except as set forth in Annex I attached hereto or previously
disclosed in the various documents and information delivered by Seller to Buyer pursuant to the Due Diligence List.<B> </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">3.1.1 <U>Authorization of Transaction</U>. Seller has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. Except for approvals required under Gaming Laws, this Agreement constitutes the
legal, valid and binding obligation of Seller, enforceable in accordance with its terms. Seller has the absolute and unrestricted right, power, authority and capacity to execute and deliver this Agreement and to perform its obligations hereunder.
Except for notices required under Gaming Laws, Seller need not give any notice to, make any filing with, or obtain any authorization, consent, or approval of any governmental body in order to consummate the transactions contemplated by this
Agreement. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3.1.2 <U>Noncontravention</U>. Neither the execution and the delivery of this Agreement, nor the consummation of
the transactions contemplated hereby (following receipt of all required governmental approvals), will (i)&nbsp;violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any
governmental body or the terms and provisions of any trust document or (ii)&nbsp;as of the Closing Date, conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate,
terminate, modify, or cancel, or require any notice under any material Contract, lease, license, instrument, or other arrangement to which Seller is a party or by which it is bound or to which any of it or its assets is subject. Notwithstanding the
preceding, as further described in Section&nbsp;5.12 below, Seller and Buyer acknowledge and agree that the transaction contemplated by this Agreement may require the consent of Holiday Inn under the Holiday Inn Express Franchise Agreement between
Seller/Company and Holiday Inn, and in absence of that </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">10 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">consent, Buyer may not assume the franchise rights to operate a Holiday Inn Express, and a penalty/liquidated damages may be due. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3.1.3 <U>Brokers&#146; Fees</U>. Seller has no Liability or obligation to pay any fees or commissions to any broker, finder, or agent with
respect to the transactions contemplated by this Agreement for which Buyer could become liable or obligated. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3.1.4
<U>Shares</U>. Seller is the sole record and beneficial owner of the Shares, free and clear of any restrictions on transfer (other than any restrictions under Gaming Laws, the Securities Act and state securities laws), Taxes, Security Interests,
options, warrants, purchase rights, contracts, commitments, equities, claims and demands. Seller is not a party to any option, warrant, purchase right, or other contract or commitment that could require Seller to sell, transfer or otherwise dispose
of any capital stock of the Company (other than this Agreement). Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any capital stock of the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>3.2 Representations and Warranties of Buyer. </B>Buyer represents and warrants to Seller that the statements contained in this Section&nbsp;3.2 are
correct and complete as of the date of this Agreement and will be correct and complete as of the Closing Date (as though made then and as though the Closing Date were substituted for the date of this Agreement throughout this Section 3.2).<B>
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3.2.1 <U>Organization of Buyer</U>. Buyer is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3.2.2 <U>Authorization of Transaction</U>. Buyer has full power and authority (including
full corporate power and authority) to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the legal, valid and binding obligation of Buyer, enforceable in accordance with its terms and conditions.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3.2.3 <U>Noncontravention</U>. Neither the execution and the delivery of this Agreement, nor the consummation of the
transactions contemplated hereby, will violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any governmental body to which Buyer is subject or any provision of its charter
or bylaws or (ii)&nbsp;as of the Closing Date, conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under
any agreement, Contract, lease, license, instrument, or other arrangement to which Buyer is a party or by which it is bound. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">3.2.4 <U>Brokers&#146; Fees</U>. Buyer has no Liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect to the transactions contemplated by this Agreement for which Seller could become liable or
obligated. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3.2.5 <U>Investment</U>. Buyer is not acquiring the Shares with a view to or for sale in
connection with any distribution thereof within the meaning of the Securities Act. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>4.0</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Representations and Warranties Concerning the Company and the Real Estate. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Seller represents and warrants to Buyer that the statements contained in this Section&nbsp;4 are correct and complete as of the date of this Agreement and will be correct and complete as of the Closing Date (as though
made then and as though the Closing Date were substituted for the date of this Agreement throughout this Section&nbsp;4), except as set forth below, in the disclosure schedule delivered by Seller to Buyer and referenced below (the
&#147;<I>Disclosure Schedule</I>&#148;), or as previously disclosed and delivered to Buyer by Seller pursuant to the Due Diligence List. The parties acknowledge and agree that, notwithstanding anything to the contrary below, Seller has, prior to the
execution of this Agreement made available and/or delivered to Buyer many of the documents, information, and related due diligence referenced as part of the Disclosure Schedules pursuant to the Due Diligence List, and Buyer hereby acknowledge
receipt of the documents referenced in the deliveries made pursuant to the Due Diligence List. The Disclosure Schedule will be arranged in paragraphs corresponding to the lettered and numbered paragraphs contained in this Section&nbsp;4 and is to be
considered supplementary to the Due Diligence List and all documents and information furnished to Buyer pursuant thereto . Buyer further agrees and represents that Seller has disclosed to Buyer and made available to Buyer pursuant to the Due
Diligence List prepared by Buyer the material contained in two file boxes duly maintained and secured in Seller&#146;s counsel&#146;s offices, which material shall be securely maintained by Seller&#146;s counsel for a period at least until the
closing of this transaction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.1 Organization, Qualification, and Corporate Power.</B> The Company is a corporation duly organized,
validly existing, and in good standing under the laws of the State of Nevada. The Company is duly authorized to conduct business and is in good standing under the laws of the state of Nevada, which are all the jurisdictions in which ownership of
property or the conduct of the Company&#146;s business requires such qualification. The Company has full corporate power and authority and all licenses, permits, and authorizations necessary to conduct the businesses in which it is engaged and in
which it presently proposes to engage and to own and use the properties and assets that it purports to own or use, and to perform all its obligations under its Contracts. Seller has delivered to Buyer correct and complete copies of the articles of
incorporation and bylaws of the Company (as amended to date). The minute book (containing the records of meetings of the stockholders, the board of directors, and any committees of the board of directors), the stock certificate books, and the stock
record books of the Company are correct and substantially complete. The Company is not in default under or in violation of any provision of its articles of incorporation or bylaws. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.2 Capitalization. </B>The entire authorized capital stock of the Company consists of 2,000 shares of common stock with no par value, of which 1,000
shares are issued and outstanding and constitute all the Shares and no shares are held in treasury. The Company has no classes of stock other than common stock. All of the Shares have been duly authorized, are validly issued, fully paid, and
nonassessable, and are held of record solely by Seller free and clear of all Encumbrances. None of the outstanding equity securities or other securities of the Company was issued in violation of the Securities Act or other law or regulation
governing the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">issuance of such securities. There are no outstanding or authorized options, warrants, purchase rights, subscription rights, conversion rights, exchange
rights, or other Contracts or commitments that could require the Company to issue, sell, or otherwise cause to become outstanding any more of its capital stock. There are no outstanding or authorized stock appreciation, phantom stock, profit
participation or similar rights with respect to the Company. There are no voting trusts, proxies, or other agreements or understandings with respect to the voting of the capital stock of the Company. No legend or other reference to any purported
Encumbrance appears on any certificate representing equity securities of the Company, other than required under the Gaming Laws. The Company does not own, or have any Contract to acquire, any equity securities or other securities of any Person or
any direct or indirect equity or ownership interest in any other business. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.3 Noncontravention. </B>To the knowledge of Seller, and
except (i)&nbsp;for the Holiday Inn Franchise Agreement referenced in Section 3.1.2 above, and (ii)&nbsp;any required governmental approvals, neither the execution and the delivery of this Agreement, nor the consummation of the transactions
contemplated hereby, will, directly: (i)&nbsp;contravene, conflict with, or result in a violation of any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge or other restriction of any governmental body to
which the Company is subject, any provision of the charter or bylaws of the Company, or any resolution adopted by the board of directors or the stockholders of the Company, or (ii)&nbsp;conflict with, result in a breach of, constitute a default
under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under any agreement, Contract, lease, license, instrument, or other arrangement to which the Company is a party or
by which it is bound or to which any of its assets is subject (or result in the imposition of any Security Interest or other Encumbrance upon any of its assets). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>4.4 Brokers&#146; Fees.</B> The Company has no Liability or obligation, contingent or otherwise, to pay any fees, commissions or other payments to any broker, finder, or agent with respect to the transactions
contemplated by this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.5 Title to Assets.</B> Section&nbsp;4.5 of the Disclosure Schedule contains a complete and accurate
list of all real property, leaseholds, or other interests therein owned by the Company. Seller has delivered or made available to Buyer copies of the deeds and other instruments (as recorded) by which the Company acquired such real property and
interests, and copies of all title insurance policies, opinions, abstracts, and surveys in the possession of Seller or the Company and relating to such property or interests. Buyer acknowledges Seller leases a warehouse from Seller&#146;s father,
and it is Buyer&#146;s responsibility to negotiate and execute a new lease with Seller&#146;s father should it choose to maintain/continue the lease arrangement. The Company has good (and marketable in the case of real property) title to, or a valid
leasehold interest in, the properties and assets used by it, located on its premises, shown on the Most Recent Balance Sheet or acquired after the date thereof, or that its purports to own, free and clear of all Security Interests, except for
properties and assets disposed of in the ordinary course of business since the date of the Most Recent Balance Sheet. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.6 Financial
Statements.</B> The parties will attached hereto as <U>Exhibit D</U> the following financial statements (collectively the &#147;<I>Financial Statements</I>&#148;) at or prior to Closing: (i)&nbsp;audited </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">and unaudited balance sheets and statements of income, changes in stockholders&#146; equity, and cash flow as of and for the fiscal years ended
December&nbsp;31, 2002,&nbsp;December&nbsp;31 2003,&nbsp;December&nbsp;31, 2004 and December&nbsp;31, 2005 (the &#147;<I>Most Recent Fiscal Year End</I>&#148;) for the Company, together with the report thereon of Muckel Anderson, CPAs, independent
certified public accountants; and (ii) unaudited balance sheets and statements of income, changes in stockholders&#146; equity, and cash flow (the &#147;<I>Most Recent Financial Statements</I>&#148;) as of and for the month ending immediately prior
to the Closing Date (the &#147;<I>Most Recent Fiscal Month End</I>&#148;) for the Company. The Financial Statements (including the notes thereto), except as otherwise disclosed in the Financial Statements, have been prepared in accordance with GAAP
applied on a consistent basis throughout the periods covered thereby, present fairly the financial condition of the Company as of such dates and the results of operations and changes in stockholders&#146; equity, and cash flow of the Company for
such periods, are correct and materially complete, and are consistent with the books and records of the Company (which books and records are correct and complete). No financial statements of any Person other than the Company is required by GAAP to
be included in the financial statements of the Company. The Financial Statements do not include any tangible assets or properties that will not continue to be owned by and physically present at the premises of the Company as of the Closing Date,
except for Inventory sold in the ordinary course of business. Notwithstanding the preceding, and although not specifically disclosed in the Financial Statements, waters rights, if any, associated with the real property located at 1600 W. Williams
Avenue, Fallon, Nevada, will be donated/dedicated to Churchill County, Nevada. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.7 Books and Records; Internal Controls.</B> The books
of account, minute books, stock records books, and other records of the Company, all of which have been made available to Buyer, are substantially complete and materially correct. The minute books of the Company contain accurate and substantially
complete records of meetings held of, and corporate action taken by, the stockholders, the board of directors, and committees of the board of directors. All the foregoing books and records are in possession of the Company. Without limiting the
foregoing, the Company maintains internal accounting controls and controls over financial reporting sufficient to provide reasonable assurance that: (i)&nbsp;transactions are executed with management&#146;s general or specific authorization,
(ii)&nbsp;transactions are recorded as necessary to permit preparation of its financial statements in accordance with GAAP and to maintain accountability for its assets, (iii)&nbsp;access to its assets is permitted only in accordance with
management&#146;s general or specific authorization, and (iv)&nbsp;accounts, notes, and other receivables are implemented to effect the collection thereof on a current and timely basis. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.8 No Material Adverse Change.</B> Since the Most Recent Fiscal Year End, there has not been any material adverse change in the business, properties,
assets, financial condition, operations, results of operations, or to the knowledge of Seller,future prospects of the Company, and, to the knowledge of Seller, no event has occurred or circumstances exist that may result in such a material adverse
change, including without limitation any final or pending closure, downsizing or limitation in the operations of the Fallon Naval Air Base. Notwithstanding the preceding, neither Seller nor Company make any representation or warranty to Buyer
regarding the future profitability of Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">14 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.9 Absence of Certain Changes and Events. </B>Without limiting the generality of the foregoing, since
the Most Recent Fiscal Year End: <B> </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.1 the Company has not sold, leased, transferred, or assigned any of its
assets, tangible or intangible, other than for a fair consideration in the ordinary course of business consistent with past practice; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">4.9.2 the Company has not entered into any agreement, Contract, lease, or license (or series of related agreements, Contracts, leases, and licenses) either involving more than $25,000, committing the Company for a
period of more than one year other than in the ordinary course of business consistent with past practice; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.3 to the
knowledge of Seller, no party (including the Company) has accelerated, terminated, modified, or cancelled any agreement, Contract, lease, or license (or series of related agreements, Contracts, leases, and licenses) involving more than $25,000 to
which the Company is a party or by which it is bound; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.4 the Company has not imposed, or allowed the imposition of, any
Security Interest upon any of its assets, tangible or intangible; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.5 the Company has not entered into any loan to, or
any acquisition of the (or series of related loans) either involving more than $25,000 or outside the ordinary course of business consistent with past practice; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.6 the Company has not issued any note, bond, or other debt security or created, incurred, assumed, or guaranteed any indebtedness for
borrowed money or capitalized lease obligation; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.7 the Company has not delayed or postponed the payment of accounts
payable and other Liabilities outside the ordinary course of business consistent with past practice; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.8 the Company has
not cancelled, compromised, waived, or released any right or claim (or series of related rights and claims) either involving more than $10,000 or outside the ordinary course of business consistent with past practice; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.9 the Company has not granted any license or sublicense of any rights under or with respect to any Intellectual Property; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.10 there has been no change made or authorized in the articles of incorporation or bylaws of the Company; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.11 the Company has not issued, sold, or otherwise disposed of any of its capital stock, or granted any options, warrants, or other
rights to purchase or obtain (including upon conversion, exchange, or exercise) any of its capital stock; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">15 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.12 the Company has not redeemed, purchased, or otherwise acquired any of its capital
stock; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.13 the Company has not experienced any material damage, destruction, or loss (whether or not covered by
insurance) to its property; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.14 the Company has not made any loan to, or entered into any other transaction with, any of
its directors, officers, and employees outside the ordinary course of business consistent with past practice; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.15 the
Company has not entered into any employment contract or collective bargaining agreement, written or oral, or materially modified the terms of any existing such contract or agreement; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.16 the Company has not granted any increase in the base compensation of any of its directors, officers, and employees outside the
ordinary course of business consistent with past practice; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.17 the Company has not adopted, amended, modified, or
terminated any bonus, profit-sharing, incentive, severance, or other plan, contract, or commitment for the benefit of any of its directors, officers, and employees (or taken any such action with respect to any other Employee Benefit Plan);
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.18 the Company has not made any other change in employment terms for any of its directors, officers, and employees
outside the ordinary course of business consistent with past practice; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.19 the Company has not made or pledged to make
any charitable or other capital contribution outside the ordinary course of business consistent with past practice; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.20
to the knowledge of Seller, there has not been any other material occurrence, event, incident, action, failure to act, or transaction outside the ordinary course of business consistent with past practice involving the Company or any of its assets;
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.9.21 there has not been (i)&nbsp;any change in any accounting, financial reporting, Inventory, credit, allowance, or Tax
practice or policy, (ii)&nbsp;any change in any method of calculating any bad debt, contingency or other reserve of the Company for accounting, financial reporting or Tax purposes, (iii)&nbsp;revaluation by the Company of any of its assets or
properties (whether tangible or intangible) or (iv)&nbsp;any change in the manner of calculating its slot club liability; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">4.9.22 to the knowledge of Seller, the Company has not committed to any of the foregoing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.10 No Undisclosed Liabilities.</B>
To the knowledge of Seller, the Company does not have any Liability (and to the knowledge of Seller, there is no basis for any present or future </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand giving rise to any material Liability), except for (i)&nbsp;Liabilities
set forth disclosed in the Most Recent Balance Sheet (including the notes thereto) and (ii)&nbsp;Liabilities which have arisen after the Most Recent Fiscal Month End in the ordinary course of business (none of which results from, arises out of,
relates to, is in the nature of, or was caused by any breach of contract, breach of warranty, tort, infringement, or violation of law). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>4.11 Legal Compliance.</B> To the knowledge of Seller, the Company, if any, has complied with all applicable laws (including rules, regulations, codes, plans, injunctions, judgments, orders, decrees, rulings, and charges thereunder) of
all applicable federal, state, local, and foreign governments (and all agencies thereof), and no action, suit, proceeding, hearing, investigation, charge, complaint, claim, demand, or notice has been filed or commenced or, to Seller&#146;s Knowledge
is threatened, alleging any failure so to comply. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.12 Tax Matters. </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.12.1 The Company has filed all Tax Returns that it was required to file. To the knowledge of Seller, all such Tax Returns were
materially correct and complete in all respects. All Taxes owed by the Company have been paid. No claim has ever been made by an authority in a jurisdiction where the Company does not file Tax Returns that it is or may be subject to taxation by that
jurisdiction. There are no Security Interests on any of the assets of the Company that arose in connection with any failure (or alleged failure) to pay any Tax. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.12.2 To the knowledge of Seller, the Company has withheld and paid all Taxes required to have been withheld and paid in connection with
amounts paid or owing to any employee, independent contractor, creditor, stockholder, or other third party. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.12.3 Neither
Seller nor any director or officer (or other employee responsible for Tax matters) of the Company expects any authority to assess any additional Taxes for any period for which Tax Returns have been filed. There is no dispute or claim concerning any
Tax Liability of the Company either (A)&nbsp;claimed or raised by any authority in writing or (B)&nbsp;as to which Seller or the directors and officers (and employees responsible for Tax matters) of the Company has Knowledge. Section&nbsp;4.12 of
the Disclosure Schedule lists all federal, state, local, and foreign income Tax Returns filed with respect to the Company for taxable periods ended on or after December&nbsp;31, 2000, indicates those Tax Returns that have been audited, and indicates
those Tax Returns that currently are the subject of audits. Seller has delivered to Buyer correct and complete copies of all federal income Tax Returns, examination reports, and statements of deficiencies assessed against or agreed to by the Company
since December&nbsp;31, 2000. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.12.4 The Company has not waived any statute of limitations in respect of Taxes or agreed to
any extension of time with respect to a Tax assessment or deficiency. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.12.5 The Company has not filed a consent under Code
Section&nbsp;341(f) concerning collapsible corporations. The Company has not made any payments, is not </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">obligated to make any payments, and is not a party to any agreement that under certain circumstances could obligate it to make any payments that will not be
deductible under Code Section&nbsp;280G. The Company has not been a United States real property holding corporation within the meaning of Code Section&nbsp;897(c)(2) during the applicable period specified in Code Section&nbsp;897(c)(1)(A)(ii). The
Company has disclosed on its federal income Tax Returns all positions taken therein that could give rise to a substantial understatement of federal income Tax within the meaning of Code Section&nbsp;6662. The Company is not a party to any Tax
allocation or sharing agreement. The Company (i)&nbsp;has not been a member of an Affiliated Group filing a consolidated federal income Tax Return or (ii)&nbsp;has no Liability for the Taxes of any Person (other than the Company) under Reg.
Section&nbsp;1.1502-6 (or any similar provision of state, local, or foreign law), as a transferee or successor, by contract, or otherwise. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">4.12.6 Section&nbsp;4.12 of the Disclosure Schedule sets forth the following information with respect to the Company as of the most recent practicable date (as well as on an estimated pro forma basis as of the Closing
Date giving effect to the consummation of the transactions contemplated hereby): (i)&nbsp;the basis of the Company in its assets; and (ii)&nbsp;the amount of any net operating loss, net capital loss, unused investment or other credit, unused foreign
tax, or excess charitable contribution allocable to the Company. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.12.7 The unpaid Taxes of the Company (i)&nbsp;did not,
as of the Most Recent Fiscal Month End, exceed the reserve for Tax Liability (rather than any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the face of the Most Recent Balance Sheet
(rather than in any notes thereto) and (ii)&nbsp;do not exceed that reserve as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company in filing its Tax Returns. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.13 Real Estate. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">4.13.1 Section&nbsp;4.13.1 of the Disclosure Schedule lists and describes briefly all real property that the Company owns (or will own at the Closing Date). With respect to each such parcel of owned real property and the improvements
located thereupon and, except for the representations and warranties set forth in Section&nbsp;4.13.1.1, with respect to each parcel of real property leased or subleased to the Company and the improvements located thereupon: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.1.1 the Company has, and in the case of the Real Estate to be conveyed to the Company pursuant to Section&nbsp;5.10, Seller has and
the Company will have, as of the Closing Date, good and marketable title to the parcel of real property, free and clear of any Security Interest, easement, covenant, or other restriction, except for installments of real property taxes and special
assessments not yet delinquent and except as specifically disclosed in a preliminarily title report to be obtained by Buyer; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.1.2 to the knowledge of Seller, there are no pending or threatened condemnation
proceedings, lawsuits, or administrative actions relating to the property or other matters affecting materially and adversely the current use, occupancy, or value thereof; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.1.3 neither the Company nor Seller has received any written notice from any city, county, state or other government authority
(i)&nbsp;of any order or directive requiring any work of repair, maintenance or improvement be performed on such property, or (ii)&nbsp;relating to defects in the improvements upon such property or relating to noncompliance with any applicable
building code or restriction, or (iii)&nbsp;relating to any threat of condemnation; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.1.4 neither the Company nor Seller
has received any written notification of any intended public improvements that will or could result in any charges being assessed against such property whether through a special assessment or otherwise that will result in a lien upon such property;
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.1.5 to the knowledge of Seller, all certificates of occupancy for the improvements upon such property have been issued
and all facilities have received and the Company and, as applicable, Seller have maintained in full force and effect all approvals of governmental authorities (including licenses and permits) required for: (i)&nbsp;the occupancy of the entire square
footage of the improvements upon such property; (ii)&nbsp;the ownership or operation of such property and the improvements thereon; and (iii)&nbsp;the use of available parking in full compliance with applicable federal, state and local codes, laws,
statutes, ordinances, rules and regulations. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.1.6 other than the leases between Seller and Company, Seller&#146;s
father and Company, and Trent&#146;s Video and Vending, there are no leases, subleases, licenses, concessions, or other agreements, written or oral, granting to any party or parties the right of use or occupancy of any portion of the parcel of real
property; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.1.7 there are no outstanding options or rights of first refusal to purchase the parcel of real property, or
any portion thereof or interest therein; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.1.8 there are no parties (other than the Company or, in the case of the Real
Estate, Seller) in possession of any parcel of real property, other than tenants under any leases disclosed in Section&nbsp;4.13.1 who are in possession of space to which they are entitled; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.1.9 all facilities located on the parcel of real property are supplied with utilities and other services necessary for the operation
of such facilities, including gas, electricity, water, telephone, cable television, sanitary sewer, and storm sewer, all of which services are adequate, to the knowledge of Seller, in accordance with all applicable laws, ordinances, rules, and
regulations and are </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">provided via public roads or via permanent, irrevocable, appurtenant easements benefiting the parcel of real property; and </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.1.10 each parcel of real property abuts on and has direct vehicular access to a public road, or has access to a public road via a
permanent, irrevocable, appurtenant easement benefiting the parcel of real property. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.2 Section&nbsp;4.13.2 of the
Disclosure Schedule lists and describes briefly all real property leased or subleased to the Company. Section&nbsp;4.13.2 of the Disclosure Schedule also identifies the leased or subleased properties for which title insurance policies are to be
procured in accordance with Section&nbsp;5.8.2 below. Seller has delivered to Buyer correct and complete copies of the leases and subleases listed in Section&nbsp;4.13.2 of the Disclosure Schedule (as amended to date). With respect to each lease and
sublease listed in Section&nbsp;4.13.2 of the Disclosure Schedule: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.2.1 the lease or sublease is legal, valid, binding,
enforceable, and in full force and effect; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.2.2 the lease or sublease will continue to be legal, valid, binding,
enforceable, and in full force and effect on identical terms following the consummation of the transactions contemplated hereby; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">4.13.2.3 no party to the lease or sublease is in breach or default, and no event has occurred which, with notice or lapse of time, would constitute a breach or default or permit termination, modification, or acceleration thereunder;
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.2.4 no party to the lease or sublease has repudiated any provision thereof; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.2.5 there are no disputes, oral agreements or forbearance programs in effect as to the lease or sublease; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.2.6 with respect to each sublease, the representations and warranties set forth in subsections 4.13.2.1 through 4.13.2.5 above are
true and correct with respect to the underlying lease; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.2.7 the Company has not assigned, transferred, conveyed,
mortgaged, deeded in trust, or encumbered any interest in the leasehold or subleasehold; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.2.8 all facilities leased or
subleased thereunder have received all approvals of governmental authorities (including licenses and permits) required in connection with the operation thereof and to the knowledge of Seller, have been operated and maintained in accordance with
applicable laws, rules, and regulations; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">20 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.2.9 all facilities leased or subleased thereunder are supplied with utilities and
other services necessary for the operation of said facilities; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.13.2.10 the owner of the facility leased or subleased
has good and marketable title to the parcel of real property, free and clear of any Security Interest, easement, covenant, or other restriction, except for installments of special easements not yet delinquent and recorded easements, covenants, and
other restrictions which do not impair the current use, occupancy, or value, or the marketability of title, of the property subject thereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>4.14 Intellectual Property. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.1 The Company owns or has the right to use pursuant to license,
sublicense, agreement, or permission all Intellectual Property necessary or desirable for the operation of the businesses of the Company as presently conducted and as presently proposed to be conducted. Each item of Intellectual Property owned or
used by the Company immediately prior to the Closing hereunder will be owned or available for use by the Company on identical terms and conditions immediately subsequent to the Closing hereunder. The Company has taken all necessary and desirable
action to maintain and protect each item of Intellectual Property that it owns or uses. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.2 To the knowledge of Seller,
the Company has not interfered with, infringed upon, misappropriated, or otherwise come into conflict with any Intellectual Property rights of third parties, and neither Seller nor any of the directors and officers (and employees with responsibility
for Intellectual Property matters) of the Company has ever received any charge, complaint, claim, demand, or notice alleging any such interference, infringement, misappropriation, or violation (including any claim that the Company must license or
refrain from using any Intellectual Property rights of any third party). To the Knowledge of Seller and the directors and officers (and employees with responsibility for Intellectual Property matters) of the Company, no third party has interfered
with, infringed upon, misappropriated, or otherwise come into conflict with any Intellectual Property rights of the Company. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">4.14.3 Section&nbsp;4.14.3 of the Disclosure Schedule identifies each patent, trademark, service mark or other federal or state registration which has been issued to any of the Company with respect to any of its Intellectual Property,
identifies each pending application for patent, trademark or service mark, or application for any such registration, which the Company has made with respect to any of its Intellectual Property, and identifies each license, agreement, Contract, or
other permission which the Company has granted to any third party with respect to any of its Intellectual Property (together with any exceptions). Seller has delivered to Buyer correct and complete copies of all such patents, trademarks service
marks, registrations, applications, licenses, agreements, Contracts, and permissions (as amended to date) and have made available to Buyer correct and </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">complete copies of all other written documentation evidencing ownership and prosecution (if applicable) of each such item. Section&nbsp;4.14.3 of the
Disclosure Schedule also identifies each trade name or unregistered trademark used by the Company in connection with any of its businesses. With respect to each item of Intellectual Property required to be identified in Section&nbsp;4.14.3 of the
Disclosure Schedule: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.3.1 the Company possesses all right, title, and interest in and to the item, free and clear of
any Security Interest, Encumbrance, license, or other restriction; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.3.2 the item is not subject to any outstanding
injunction, judgment, order, decree, ruling, or charge; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.3.3 no action, suit, proceeding, hearing, investigation,
charge, complaint, claim, or demand is pending or is threatened which challenges the legality, validity, enforceability, use, or ownership of the item; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">4.14.3.4 the Company has never agreed to indemnify any Person for or against any interference, infringement, misappropriation, or other conflict with respect to the item. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.4 Section&nbsp;4.14.4 of the Disclosure Schedule identifies each item of Intellectual Property that any third party owns and that the
Company uses pursuant to license, sublicense, agreement, Contract, or permission. Seller has delivered to Buyer correct and complete copies of all such licenses, sublicenses, agreements, Contracts, and permissions (as amended to date). With respect
to each item of Intellectual Property required to be identified in Section&nbsp;4.14.4 of the Disclosure Schedule: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.4.1
the license, sublicense, agreement, or permission covering the item is legal, valid, binding, enforceable, and in full force and effect; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">4.14.4.2 the license, sublicense, agreement, or permission will continue to be legal, valid, binding, enforceable, and in full force and effect on identical terms following the consummation of the transactions
contemplated hereby; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.4.3 no party to the license, sublicense, agreement, or permission is in breach or default, and no
event has occurred which with notice or lapse of time would constitute a breach or default or permit termination, modification, or acceleration thereunder; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">4.14.4.4 no party to the license, sublicense, agreement, or permission has repudiated any provision thereof; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.4.5 with respect to each sublicense, the representations and warranties set forth in
subsections 4.14.4.1 through 4.14.4.4 above are true and correct with respect to the underlying license; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.4.6 the
underlying item of Intellectual Property is not subject to any outstanding injunction, judgment, order, decree, ruling, or charge; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">4.14.4.7 no action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand is pending or is threatened which challenges the legality, validity, or enforceability of the underlying item of Intellectual Property; and
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.4.8 the Company has not granted any sublicense or similar right with respect to the license, sublicense, agreement, or
permission. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.5 To the Knowledge of Seller and the directors and officers (and employees with responsibility for
Intellectual Property matters) of the Company, the Company will not interfere with, infringe upon, misappropriate, or otherwise come into conflict with, any Intellectual Property rights of third parties as a result of the continued operation of its
businesses as presently conducted and as presently proposed to be conducted. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.14.6 Except as set forth in
Section&nbsp;4.14.6 of the Disclosure Schedule, all former and current employees of the Company have executed written Contracts with the Company that assign to the Company all rights to any inventions, improvements, discoveries, or information
relating to the business of the Company. No employee of the Company has entered into any Contract that restricts or limits in any way the scope or type of work in which the employee may be engaged or requires the employee to transfer, assign, or
disclose information concerning his work to anyone other than of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.15 Tangible Assets. </B>The Company owns, leases or
licenses all buildings, machinery, equipment, other tangible assets and System necessary for the conduct of its businesses as presently conducted and as presently proposed to be conducted. To the knowledge of Seller, each such tangible asset or
System is free from defects (patent and latent), has been maintained in accordance with manufacturer guidelines and normal industry practice, is in good operating condition and repair (subject to normal wear and tear), and is suitable for the
purposes for which it presently is used and presently is proposed to be used. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.16 Inventory. </B>All Inventory of the Company is
merchantable and fit for the purpose for which it is used, held for use or for which it was procured, and none of which is slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory writedown set forth on the face of the
Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company. The Inventory is sufficient to permit normal operation of the
Company&#146;s business as it is being conducted and as it is proposed to be conducted. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.17 Contracts. </B>Section&nbsp;4.17 of the Disclosure Schedule lists the following contracts and
other agreements to which the Company is a party or to which it may be bound: <B> </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.1 any agreement (or group of
related agreements) for the lease of personal property to or from any Person providing for lease payments; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.2 any
agreement (or group of related agreements) for the purchase or sale of raw materials, commodities, supplies, products, or other personal property, or for the furnishing or receipt of services; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.3 any agreement concerning a partnership or joint venture; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.4 any agreement (or group of related agreements) under which it has created, incurred, assumed, or guaranteed any indebtedness for
borrowed money, or any capitalized lease obligation, or under which it has imposed a Security Interest on any of its assets, tangible or intangible, other than the lease of a 2005 Dodge Ram Pickup which lease shall be assigned to Seller prior to, or
shortly after, the execution of this Agreement; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.5 any agreement concerning confidentiality or noncompetition;
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.6 any agreement with Seller or any party related in any way to Seller; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.7 any profit sharing, stock option, stock purchase, stock appreciation, deferred compensation, severance, or other plan or
arrangement for the benefit of its current or former directors, officers, and employees; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.9 any collective bargaining
agreement; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.10 any agreement for the employment of any individual on a full-time, part-time, consulting, or other basis
or any such agreement providing severance benefits; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.11 any agreement under which it has advanced or loaned any amount
to any of its directors, officers, and employees outside the ordinary course of business; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.12 any agreement under which
the consequences of a default or termination could have an adverse effect on the business, financial condition, operations, results of operations, or future prospects of the Company; or </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.17.13 any other agreement (or group of related agreements) by which the Company is a party or may be bound. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Seller has delivered to Buyer a correct and complete copy of each written agreement listed in Section&nbsp;4.17 of the Disclosure Schedule (as amended to
date) and a written summary setting forth the terms and conditions of each oral agreement referred to in Section&nbsp;4.17 of the Disclosure Schedule. With respect to each such agreement: (A)&nbsp;the agreement is legal, valid, binding, enforceable,
and in full force and effect; (B)&nbsp;the agreement will continue to be legal, valid, binding, enforceable, and in full force and effect on identical terms following the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">consummation of the transactions contemplated hereby; (C)&nbsp;no party is in breach or default, and no event has occurred which with notice or lapse of time
would constitute a breach or default, or permit termination, modification, or acceleration, under the agreement; and (D)&nbsp;no party has repudiated any provision of the agreement. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.18 Notes and Accounts Receivable. </B>All notes and accounts receivable of the Company, including without limitation all casino collection
receivables, by customer, are reflected properly on its books and records, are valid receivables subject to no setoffs or counterclaims, are current and collectible, and will be collected in accordance with their terms at their recorded amounts,
subject only to the reserve for bad debts set forth on the face of the Most Recent Balance Sheet as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.19 Powers of Attorney. </B>There are no outstanding powers of attorney executed on behalf of the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.20 Insurance. </B>Section&nbsp;4.20 of the Disclosure Schedule sets forth the following information with respect to each insurance policy (including
policies providing property, casualty, liability, and workers&#146; compensation coverage and bond and surety arrangements) to which the Company has been a party, a named insured, or otherwise the beneficiary of coverage at any time within the past
two (2)&nbsp;years: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) the name, address, and telephone number of the agent; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) the name of the insurer, the name of the policyholder, and the name of each covered insured; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) the policy number and the period of coverage; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) the scope (including an indication of whether the coverage was on a claims made, occurrence, or other basis) and amount (including a
description of how deductibles and ceilings are calculated and operate) of coverage; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(v) a description of any
retroactive premium adjustments or other loss-sharing arrangements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">With respect to each such insurance policy: (A)&nbsp;the policy is legal, valid,
binding, enforceable, and in full force and effect; (B)&nbsp;the policy will continue to be legal, valid, binding, enforceable, and in full force and effect on identical terms following the consummation of the transactions contemplated hereby;
(C)&nbsp;neither the Company nor any other party to the policy is in breach or default (including with respect to the payment of premiums or the giving of notices), and no event has occurred which, with notice or the lapse of time, would constitute
such a breach or default, or permit termination, modification, or acceleration, under the policy; and (D)&nbsp;no party to the policy has repudiated any provision thereof. The Company has been covered during the past ten years by insurance in scope
and amount customary and reasonable for the businesses in which it has engaged during the aforementioned period. Section&nbsp;4.20 of the Disclosure Schedule describes any self-insurance arrangements affecting the Company. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.21 Litigation. </B>Section&nbsp;4.21 of the Disclosure Schedule sets forth each instance in which
the Company (i)&nbsp;is subject to any outstanding injunction, judgment, order, decree, ruling, or charge or (ii)&nbsp;is a party or, to the Knowledge of Seller or the directors or officers of the Company, is threatened to be made a party to any
action, suit, proceeding, hearing, or investigation of, in, or before any court or quasi-judicial or administrative agency of any federal, state, local or foreign jurisdiction or before any arbitrator. None of the actions, suits, proceedings,
hearings, and investigations set forth in Section&nbsp;4.21 of the Disclosure Schedule could result in any adverse change in the business, financial condition, operations, results of operations, or future prospects of the Company. Neither Seller nor
the directors and officers (and employees with responsibility for litigation matters) of the Company has any reason to believe that any such action, suit, proceeding, hearing, or investigation may be brought or threatened against the Company.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.22 Employees. </B>Section&nbsp;4.22 of the Disclosure Schedule sets forth a list of all of the Company&#146;s employees, their
titles, brief job descriptions and annual compensation (including any bonuses) for the Most Recent Fiscal Year End. To the Knowledge of Seller and the directors and officers (and employees with responsibility for employment matters) of the Company,
no executive, key employee, or group of employees has any plans to terminate employment with the Company. The Company is not a party to or bound by any collective bargaining agreement, nor has it experienced any strikes, grievances, claims of unfair
labor practices, or other collective bargaining disputes. The Company has not committed any unfair labor practice. Neither Seller nor the directors and officers (and employees with responsibility for employment matters) of the Company has any
Knowledge of any organizational effort presently being made or threatened by or on behalf of any labor union with respect to employees of the Company. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>4.23 Employee Benefits. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.23.1 Section&nbsp;4.23 of the Disclosure Schedule lists
each Employee Benefit Plan that the Company maintains or to which the Company contributes or has any obligation to contribute. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">4.23.1.1 Each such Employee Benefit Plan (and each related trust, insurance contract, or fund) complies in form and in operation in all respects with the applicable requirements of ERISA, the Code, and other applicable laws. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.23.1.2 All required reports and descriptions (including Form 5500 Annual Reports, summary annual reports, PBGC-1&#146;s, and summary
plan descriptions) have been timely filed and distributed appropriately with respect to each such Employee Benefit Plan. The requirements of COBRA have been met with respect to each such Employee Benefit Plan which is an Employee Welfare Benefit
Plan. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.23.1.3 All contributions (including all employer contributions and employee salary reduction contributions) which
are due have been paid to each such Employee Benefit Plan which is an Employee Pension Benefit Plan and all contributions for any period ending on or before the Closing Date which are not yet due have been paid to each such Employee Pension Benefit
Plan or accrued in </FONT>
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<FONT FACE="Times New Roman" SIZE="2">accordance with the past custom and practice of the Company and its Subsidiaries. All premiums or other payments for all periods ending on or before the
Closing Date have been paid with respect to each such Employee Benefit Plan which is an Employee Welfare Benefit Plan. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">4.23.1.4 To the knowledge of Seller, each such Employee Benefit Plan which is an Employee Pension Benefit Plan meets the requirements of a &#147;qualified plan&#148; under Code Section&nbsp;401(a), has received, a favorable determination
letter from the Internal Revenue Service that it is a &#147;qualified plan,&#148; and neither Seller nor any directors or officers of the Company is aware of any facts or circumstances that could result in the revocation of such determination
letter. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.23.1.5 The market value of assets under each such Employee Benefit Plan which is an Employee Pension Benefit Plan
(other than any Multiemployer Plan) equals or exceeds the present value of all vested and nonvested Liabilities thereunder determined in accordance with PBGC methods, factors, and assumptions applicable to an Employee Pension Benefit Plan
terminating on the date for determination. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.23.1.6 Seller has delivered to Buyer correct and complete copies of the plan
documents and summary plan descriptions, the most recent determination letter received from the Internal Revenue Service, the most recent Form 5500 Annual Report, and all related trust agreements, insurance contracts, and other funding agreements
which implement each such Employee Benefit Plan. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.23.2 With respect to each Employee Benefit Plan that the Company and any
ERISA Affiliate maintains or ever has maintained or to which any of them contributes, ever has contributed, or ever has been required to contribute: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">4.23.2.1 No such Employee Benefit Plan which is an Employee Pension Benefit Plan (other than any Multiemployer Plan) has been completely or partially terminated or been the subject of a Reportable Event as to which
notices would be required to be filed with the PBGC. No proceeding by the PBGC to terminate any such Employee Pension Benefit Plan (other than any Multiemployer Plan) has been instituted or, to the Knowledge of Seller or the directors and officers
(or employees responsible for employee benefit matters ) of the Company, threatened. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.23.2.2 To the knowledge of Seller,
there have been no Prohibited Transactions with respect to any such Employee Benefit Plan. No fiduciary (within the meaning of ERISA Section&nbsp;3(21)) has any Liability for breach of fiduciary duty or any other failure to act or comply in
connection with the administration or investment of the assets of any such Employee Benefit Plan. No action, suit, proceeding, hearing, or investigation with respect to the administration or the investment of the assets of any such Employee Benefit
Plan (other than routine claims for benefits) is pending or threatened. Neither Seller nor the directors and officers (and employees with responsibility for employee benefits matters) of the </FONT>
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<FONT FACE="Times New Roman" SIZE="2">Company has any Knowledge of any basis for any such action, suit, proceeding, hearing, or investigation. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.23.2.3 The Company has not incurred, and neither Seller nor the directors and officers (and employees with responsibility for employee
benefits matters) of the Company has any reason to expect that the Company will incur, any Liability to the PBGC (other than PBGC premium payments) or otherwise under Title IV of ERISA (including any withdrawal liability as defined in ERISA
Section&nbsp;4201) or under the Code with respect to any such Employee Benefit Plan which is an Employee Pension Benefit Plan. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">4.23.3 The Company has never contributed to, or ever been required to contribute to any Multiemployer Plan or has any Liability (including withdrawal liability as defined in ERISA Section&nbsp;4201) under any Multiemployer Plan. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.23.4 The Company has never maintained or contributed to and has never been required to contribute to any Employee Welfare Benefit
Plan providing medical, health, or life insurance or other welfare-type benefits for current or future retired or terminated employees, their spouses, or their dependents (other than in accordance with COBRA). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.24 Guaranties. </B>The Company is not a guarantor or otherwise liable for any Liability or obligation (including indebtedness) of any other Person.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.25 Environmental, Health and Safety Matters. </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.25.1 The Company (including, with respect to the Real Estate, Seller) to its/his knowledge, have complied and are in compliance with all
Environmental, Health and Safety Requirements. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.25.2 Without limiting the generality of the foregoing, Company has
obtained and complied with, and is in compliance with, all permits, licenses and other authorizations that are required pursuant to Environmental, Health and Safety Requirements for the occupation of its facilities and the operation of its business;
a list of all such permits, licenses and other authorizations is set forth in Section&nbsp;4.25 of the Disclosure Schedule. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">4.25.3 Neither the Company (including, with respect to the Real Estate, Seller) has received any written notice or report regarding any actual or alleged violation of Environmental, Health and Safety Requirements, or any liabilities or
potential liabilities (whether accrued, absolute, contingent, unliquidated or otherwise), including any investigatory, remedial or corrective obligations, relating to any of them or its facilities arising under Environmental, Health and Safety
Requirements. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.25.4 Other than as disclosed in the environmental reports delivered to Buyer, or reflected in the report
issued from the phase one environmental obtained by Buyer, none of the following exists at any property or facility owned or operated by the Company: (or the Real Estate to be conveyed by Seller to the Company) (1)&nbsp;underground storage tanks,
</FONT>
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<FONT FACE="Times New Roman" SIZE="2">(2)&nbsp;materials or equipment containing polychlorinated biphenyls, or (3)&nbsp;landfills, surface impoundments, or disposal areas. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.25.5 To the knowledge of Seller, neither the Company nor Seller, has treated, stored, disposed of, arranged for or permitted the
disposal of, transported, handled, or released any substance, including without limitation any hazardous substance, or owned or operated any property or facility (and no such property or facility is contaminated by any such substance) in a manner
that has given or would give rise to liabilities, including any liability for response costs, corrective action costs, personal injury, property damage, natural resources damages or attorney fees, pursuant to the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, as amended (&#147;<I>CERCLA</I>&#148;), the Solid Waste Disposal Act, as amended (&#147;<I>SWDA</I>&#148;) or any other Environmental, Health and Safety Requirements. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.25.6 Neither this Agreement nor the consummation of the transactions contemplated hereby will result in any obligations for site
investigation or cleanup, or notification to or consent of government agencies or third parties, pursuant to any of the so-called &#147;transaction-triggered&#148; or &#147;responsible property transfer&#148; Environmental, Health and Safety
Requirements. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.25.7 Neither the Company nor any of its predecessors or Affiliates (including, with respect to the Real
Estate, Seller) has, either expressly or by operation of law, assumed or undertaken any liability, including without limitation any obligation for corrective or remedial action, of any other Person relating to Environmental, Health and Safety
Requirements. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.25.8 To the knowledge of Seller, no facts, events or conditions relating to the past or present facilities,
properties or operations of the Company (including, with respect to the Real Estate, Seller) will prevent, hinder or limit continued compliance with Environmental, Health and Safety Requirements, give rise to any investigatory, remedial or
corrective obligations pursuant to Environmental, Health, and Safety Requirements, or give rise to any other liabilities (whether accrued, absolute, contingent, unliquidated or otherwise) pursuant to Environmental, Health and Safety Requirements,
including without limitation any relating to onsite or offsite releases or threatened releases of hazardous materials, substances or wastes, personal injury, property damage or natural resources damage. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.25.9 The Company has delivered to the Buyer true, complete and correct copies of any Phase I environmental reports and all other
environmental reports and updates thereto obtained by the Company or Seller that have been conducted with respect to the Real Estate, any improvements thereon and any other real property owned, leased or operated by the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.26 Certain Business Relationships. </B>Except for the Real Estate leased to the Company and a lease between Seller/Company and Seller&#146;s father,
neither Seller nor any party related to Seller has been involved in any business arrangement or relationship with the Company </FONT>
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<FONT FACE="Times New Roman" SIZE="2">within the past 12 months, and neither Seller nor any party related to Seller owns any asset, tangible or intangible, which is used in the business of the
Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.27 Compliance with Gaming Laws. </B>The Company has maintained at all times reserves for working capital, capital
improvements, replacements and/or contingencies to the extent, and in the amounts, required by the Gaming Laws, including without limitation the cash reserves thereunder (&#147;<I>Required Cash Reserves</I>&#148;). Neither Seller nor the Company has
received any written claim, demand, notice, complaint, court order or administrative order from any government or regulatory authority relating to any violation or possible violation of any Gaming Laws and to the Knowledge of Seller and the Company,
there is no fact or event that would be expected to result in receipt of any such claim, demand, notice, complaint, court or other administrative order. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>4.28 Licenses and Permits. </B>All applicable fees have been timely paid with respect to all licenses and permits held by the Company or necessary for the conduct of business currently being conducted by Company
and all such licenses and permits are as of the date of execution of this Agreement and will be on the Closing Date in full force and effect and in good standing without, to the knowledge of Seller, threatened or pending disciplinary action from any
applicable government or other authority. Neither Seller nor the Company has received any written claim, demand, notice, complaint, court order or administrative order from any government or regulatory authority relating to any violation or possible
violation with respect to any of its licenses or permits and to the Knowledge of Seller and the Company, there is no fact or event that would be expected to result in receipt of any such claim, demand, notice, complaint, court or other
administrative order. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.29 Players&#146; Club. </B>Section&nbsp;4.29 of the Disclosure Schedule includes, as of the Closing Date,
(i)&nbsp;the Company&#146;s X-Tra Bucks Players&#146; Club database (&#147;<I>Players&#146; Club Database</I>&#148;) consisting of approximately 3919 customers and all other similar databases containing proprietary information about the
Company&#146;s customers and (ii)&nbsp;a list of each customer that has been included in the Players&#146; Club Database since August 2004. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>4.30 Progressive Slots. </B>The progressive slot machine liabilities of the Company (i)&nbsp;have been and are measured on a daily basis, or otherwise in compliance with all applicable Gaming Laws, (ii)&nbsp;have included and include any
liabilities of progressive slot machines that have been removed from the casino floor and are required to be returned to the casino floor and (iii)&nbsp;have been and are reflected on the Company&#146;s Financial Statements. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>4.31 Chips and Tokens. </B>Section&nbsp;4.31 of the Disclosure Schedule sets forth a list of all current series of chips and tokens of the Company.
All earlier series of chips and tokens issued by the Company have been properly redeemed and returned, with no future liability of the Company. <B> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>4.32 Disclosure. </B>The representations and warranties contained in this Section&nbsp;4 do not contain any untrue statement of a fact or omit to state any fact necessary in order to make the statements and
information contained in this Section&nbsp;4 not misleading. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>5.0 Pre-Closing Covenants.</B> The Parties agree as follows with respect to the period between the execution of this
Agreement and the Closing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.1 General. </B>Each Party will use its commercially reasonable efforts to take all actions and to do all
things necessary, proper, or advisable in order to consummate and make effective the transactions contemplated by this Agreement (including satisfaction, but not waiver, of the closing conditions set forth in Section&nbsp;7 below). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.2 Notices and Consents. </B>Seller will cause the Company to give any notices to third parties, and will cause the Company to use its best efforts
to obtain any third party consents, that Buyer may request in connection with the matters referred to in Section&nbsp;4.3 above. Each Party will (and Seller will cause the Company to) give any notices to, make any filings with, and use its best
efforts to obtain any authorizations, consents, and approvals of governments and governmental agencies in connection with the matters referred to in Section&nbsp;3.1.2, Section&nbsp;3.2.2, and Section&nbsp;4.3 above. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.3 Preservation of Licenses. </B>Seller will cause the Company to retain and maintain all permits and licenses of related to the business of the
Company, including without limitation all gaming and liquor licenses, in good standing and without threatened or pending disciplinary action. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>5.4 Conduct of Business. </B>Subject to the limitations and exceptions set forth below and unless prohibited from doing so by any applicable Gaming Law, rule or regulation, Seller agrees to cause the Company to: (i)&nbsp;carry on its
business and operations only in the ordinary course of business, (ii)&nbsp;pay its debts when due (or within any applicable grace periods, and subject to any good faith dispute regarding any debt), (iii)&nbsp;pay and otherwise perform its
obligations in respect of Taxes and Tax Returns of the Company, (iv)&nbsp;maintain reserves for Working Capital, capital improvements, replacements and contingencies to the extent, and in the amounts, in each case, required by all applicable gaming
and other laws, including any cash reserve requirements thereunder, (v)&nbsp;maintain the Company&#146;s assets and properties in good repair, order and conditions (subject to normal wear and tear), replace in the ordinary course of business its
inoperable, worn out or obsolete assets with assets of quality consistent with past practice and, in the event of an insured casualty, loss or damage to any property prior to the Closing Date, whether or not its property is insured, either repair or
replace such damaged property to the condition it was in immediately prior to such casualty, loss or damage, (vi)&nbsp;maintain the Company&#146;s Inventory at current or normal operating levels and not deplete such Inventory, except in the ordinary
course of business, or (vii)&nbsp;use all reasonable efforts consistent with past practices and policies to keep available the services of its present officers and key employees and preserve its relationships with is customers, suppliers,
distributors, and others having business dealing with it . In furtherance and not in limitation of the foregoing, Seller will cause the Company to refrain from: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.1 entering into, amending, modifying, terminating, granting any waiver under or giving any consent with respect to any material
Contract or any material license other than in the ordinary course of business consistent with past practice without Buyer&#146;s prior written consent, which consent will not be unreasonably withheld or delayed. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.2 intentionally or knowlingly violate, breach or default under , in any material
respect, or taking or failing to take any action that would constitute a material violation or breach of, or default under, any term or provision of any material Contract or license. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.3 incurring, purchasing, canceling, prepaying or otherwise providing for a complete or partial discharge in advance of a scheduled
payment date with respect to, or waiving any right of the Company under, any Liability of or owing to the Company, other than in the ordinary course of business consistent with past practice. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.4 engaging in any transaction with any officer, director or Affiliate of the Company, either outside the ordinary course of business
or other than on an arm&#146;s-length basis, other than in the ordinary course of business consistent with past practice. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">5.4.5 increasing cash compensation or severance pay entitlements of any employee, officer, director, independent contractor or other personnel, or making any other material changes in the Company&#146;s compensation and personnel policies
except for reasonable and customary periodic compensation increases and bonuses based on performance and consistent with past practice or in accordance with the bonus programs applicable generally to employees, and excluding any bonuses,
distributions, or dividends paid to Seller prior to Closing. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.6 (i)&nbsp;incurring or assuming any indebtedness, other
than in the ordinary course of business consistent with past practice; (ii)&nbsp;accelerating or delaying collection of notes or accounts receivable in advance of or beyond their regular due dates or the dates when the same would have been collected
in the ordinary course of business consistent with past practices; (iii)&nbsp;delaying or accelerating in any material respect payment of any account payable in advance of its due date or the date such Liability would have been paid in the ordinary
course of business consistent with past practice; (iv)&nbsp;assuming, guaranteeing, endorsing or otherwise becoming liable or responsible (whether directly, contingently or otherwise) for the obligations of any other Person except in the ordinary
course of business; (v)&nbsp;varying the Company&#146;s Inventory practices in any material respect from the Company&#146;s past practices, or (vi)&nbsp;except as required to do so pursuant to any written agreements in existence on the date of this
Agreement, making or authorizing any loans, advances or capital contributions to, or investments in, any other Person (including advances to employees). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">5.4.7 entering into any lease affecting any of the Company&#146;s assets, or modifying or amending in any material respect, or terminate, any of the existing leases with respect to any Company property, other than in
the ordinary course of business consistent with past practice. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.8 failing to maintain its existing insurance coverage in
all material respects of all types in effect as of the date hereof; <I>provided, however</I>, in the event any such coverage is terminated or lapses, to the extent available at reasonable cost, the Company may procure substantially similar
substitute insurance policies which in all material </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">respects are in at least such amounts and against such risks as are currently covered by such policies. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.9 making any material change with respect to accounting policies or procedures, other than as required by GAAP or any governmental or
regulatory authority. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.10 taking or committing to take, any action that would make any representation or warranty of the
Seller contained herein inaccurate in any respect at, or as of any time prior to, the Closing so as to cause the conditions to the Seller to consummate the transactions contemplated herein not to be satisfied. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.11 writing up, writing down or writing off the book value of any assets of the Company, except in the ordinary course of business
consistent with past practice and for depreciation and amortization in accordance with GAAP consistently applied. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.12
engaging in marketing, including the mailing of cash based promotional activities, food and beverage complimentaries or hotel complimentaries in a manner not consistent with past practices. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.13 sell, transfer or otherwise dispose of the Players&#146; Club Database or any portion thereof for any purpose. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.14 delete, remove or otherwise conceal any information regarding any customer who has been included in the Players&#146; Club Database
at any time during the prior thirty-six months. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.4.15 entering into any Contract to do or engage in any of the foregoing.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Notwithstanding the foregoing, Buyer agrees that on or prior to the Closing Date, Seller will convey the Real Estate to the Company as an additional
capital contribution, and Buyer hereby consents to such transaction. Nothing in this Section&nbsp;5.4 is intended to, or will be construed as, Buyer&#146;s exercise of control over the Company in a manner that may violate any applicable Gaming Law,
rule or regulation. In the event any gaming regulator with jurisdiction over the Company&#146;s operations advises (formally or informally) that this Section&nbsp;5.4 constitutes (or may constitute) a violation of applicable Gaming Law, Buyer and
Seller will negotiate in good faith, as promptly as practicable, to modify this Section&nbsp;5.4 to the extent necessary to conform this Agreement to applicable laws, rules and regulations. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.5 Full Access. </B>Seller will permit, and will cause the Company to permit, representatives of Buyer to have full access at all reasonable times,
and in a manner so as not to interfere with the normal business operations of the Company, to all premises, properties, personnel, books, records (including Tax records), contracts and documents of or pertaining to the Company and its business and
the Real Estate. The obligations of this section will include without limitation the following: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.5.1 Subject to the confidentiality obligations set forth in Section&nbsp;6.4 and to all
applicable laws, including Gaming Laws, Seller will (i)&nbsp;provide Buyer and its respective officers, directors, employees, agents, counsel, accountants, financial advisors, consultants and other representatives, any Person who is considering
providing financing to Buyer for all or any portion of the Purchase Price or otherwise, or any appraiser of the assets and properties all of whom shall have an express duty of confidentiality to Buyer for the benefit of Buyer, Seller and the Company
(collectively, &#147;<I>Purchaser Representatives</I>&#148;) with reasonable access, upon prior notice, during normal business hours (or at such other times as Seller may specify) and subject to reasonable scheduling, to employees and agents of the
Company who have significant responsibility for the conduct of the business, to the Company&#146;s and Seller&#146;s accountants and to the assets and properties of the Company, and (ii)&nbsp;furnish Buyer and such other Persons with all such
information and data (including, without limitation, copies of Contracts, licenses, and other books and records) concerning the Company and its assets as Purchaser or any of such other Persons reasonably may request in connection with such
investigation and (iii)&nbsp;permit the Purchaser&#146;s senior officers to meet with their respective personnel who are responsible for the Financial Statements, internal controls, and disclosure controls and procedures of the Company to discuss
such matters as the Buyer may deem necessary or appropriate for the Buyer to satisfy its obligations (if any) under the Sarbanes-Oxley Act of 2002, as amended, and rules or regulations thereunder after the Closing Date. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.5.2 Seller will cooperate with Buyer to enable Buyer to consummate its financing (including using reasonable efforts to provide access
to the independent accountants of the Company); <I>provided, however</I>, that upon request from Seller, Buyer will provide copies to Seller of financing materials, including offering circulars and amendments thereto used prior to the Closing Date,
that contain information about the Company or Seller. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.5.3 At the time of Closing, Seller and Buyer will jointly conduct
an inventory of (i)&nbsp;the tangible assets, System and other property (other than real property interests, Inventory and supplies) owned by the Company, (ii)&nbsp;the tangible assets, System and other property leased by the Company and
(iii)&nbsp;each live game (including gaming tables), electronic gaming devices (including all slot machines), and other gaming related equipment owned, leased or otherwise used by the Company. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.6 Notice of Developments. </B>Seller will give prompt written notice to Buyer of any material adverse development causing a breach of any of the
representations and warranties in Section&nbsp;4 above. Each Party will give prompt written notice to the other of any material adverse development causing a breach of any of its own representations and warranties in Section&nbsp;3 above.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.7 Exclusivity. </B>Seller will not, and will not cause, permit or authorize the Company, or any representative on behalf of Seller or
the Company, to, directly, (i)&nbsp;solicit, initiate, encourage or induce (including by way of furnishing non-public information) the submission of any proposal or offer from any Person relating to the acquisition of any capital stock or other
</FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">voting securities, or any substantial portion of the assets, of the Company (including any acquisition structured as a merger, consolidation, or share
exchange) (an &#147;<I>Acquisition Proposal</I>&#148;) or (ii)&nbsp;participate in any discussions or negotiations regarding, furnish any information with respect to, assist or participate in, or facilitate in any other manner any effort or attempt
by any Person to do or seek any of the foregoing. Seller will immediately cease and cause to be terminated any existing activities, discussions or negotiations with any parties conducted heretofore with respect to any of the foregoing and enforce
any confidentiality agreements to which Seller or the Company is a party. Seller will take the necessary steps to inform its representatives and the personnel and representatives of the Company regarding the obligations set forth in this
Section&nbsp;5.7. It is agreed that any violation of this Section&nbsp;5.7 by any agent or representative of Seller or the Company will constitute a breach of this Section&nbsp;5.7 by Seller. Seller will not vote its Shares in favor of any such
acquisition structured as a merger, asset acquisition, consolidation or share exchange. In the event Seller violates or is deemed to have violated this Section&nbsp;5.7, in addition to any other remedy available at law or equity, Buyer will be
entitled to be paid, or have released to it from the Attorney&#146;s Trust Account of Seller&#146;s counsel, the full amount of the Deposit, together with all interest accrued thereon </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.8 Title Insurance. </B>Seller will cause the Company to reasonably cooperate with Buyer to allow Buyer, in its discretion, to obtain the following
title insurance commitments, policies, and riders in preparation for the Closing: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.8.1 with respect to each parcel of real
estate that the Company owns (including the Real Estate that the Company will own as of the Closing Date), an ALTA Extended Coverage Owner&#146;s Policy of Title Insurance Form B-1970 issued by a title insurer satisfactory to Buyer (and, if
requested by Buyer, reinsured in whole or in part by one or more insurance companies and pursuant to a direct access agreement acceptable to Buyer), in such amount as Buyer may determine to be the fair market value of such real property (including
all improvements located thereon), insuring title to such real property to be in the Company as of the Closing (subject only to the title exceptions described above in Section&nbsp;4.13.1 and in Section&nbsp;4.13.1 of the Disclosure Schedule, in the
preliminary title report or title commitment, and other matters of record); and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5.8.2 with respect to each parcel of real
estate that the Company leases or subleases, an ALTA Extended Coverage Leasehold Owner&#146;s Policy of Title Insurance-1992 issued by a title insurer satisfactory to Buyer (and, if requested by Buyer, reinsured in whole or in part by one or more
insurance companies and pursuant to a direct access agreement acceptable to Buyer) in such amount as Buyer may determine (taking into account the time cost of money using the Applicable Rate as the discount rate and such other factors as whether the
fair market rental value of the premises exceeds the stipulated consideration in the lease or sublease, whether the tenant or subtenant has any option to renew or extend, whether the tenant or subtenant owns any improvements located on the premises,
whether the tenant or subtenant is permitted to sublease, and whether the tenant or subtenant would owe any amount under the lease or sublease if evicted), insuring title to the leasehold or subleasehold estate to be in the Company or its Subsidiary
as of the Closing (subject only to the title exceptions described above in Section&nbsp;4.13.2 and in 4.13.2 of the Disclosure Schedule, in the preliminary title report or title commitment, and other matters of record). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Each title insurance policy delivered under Section&nbsp;5.8.1 and Section&nbsp;5.8.2 above shall (A)&nbsp;insure title
to the real property and all recorded easements benefiting such real property, (B)&nbsp;contain an ALTA Zoning Endorsement 3.1 (or equivalent), (C)&nbsp;contain an endorsement insuring that the real property described in the title insurance policy
is the same real estate as shown on the Survey delivered with respect to such property, (D)&nbsp;contain an endorsement insuring that each street adjacent to the real property is a public street and that there is direct and unencumbered pedestrian
and vehicular access to such street from the real property, (E)&nbsp;if the real property consists of more than one record parcel, contain a &#147;contiguity&#148; endorsement insuring that all of the record parcels are contiguous to one another and
an &#147;apportionment&#148; endorsement deleting the apportionment provisions from the title policy, (F)&nbsp;contain a &#147;non-imputation&#148; endorsement to the effect that title defects known to the officers, directors, and stockholders of
the owner prior to the Closing shall not be deemed &#147;facts known to the insured&#148; for purposes of the policy, and (G)&nbsp;contain the following endorsements: owner&#146;s comprehensive (for improved land), separate tax parcel, patent (if
applicable), water rights (if applicable), and such other endorsements as Buyer may require. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.9 Surveys. </B>With respect to each
parcel of real property that the Company owns, leases, or subleases, and as to which a title insurance policy is to be procured pursuant to Section&nbsp;5.8 above, Seller will provide reasonable access and availability to allow Buyer to procure in
preparation for the Closing a current survey of the real property, prepared by a licensed land surveyor and conforming to current ALTA/ACSM Minimum Standard Detail Requirements for Land Title Surveys and any requirements of Buyer relating thereto
(including, without limitation, any optional items set forth in such ALTA/ACSM requirements that are required by Buyer), containing such certifications from the surveyor as Buyer may require, disclosing the location of all improvements, easements,
party walls, sidewalks, roadways, utility lines, and other matters shown customarily on such surveys, and showing access affirmatively to public streets and roads (the &#147;<I>Survey</I>&#148;). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.10 Real Estate Conveyance. </B>On or prior to the Closing Date, Seller will convey all right, title and interest in and to the Real Estate to the
Company,.<B> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.11 Existing Debt. </B>The Parties acknowledge and agree that the Real Estate is currently encumbered by existing
debt evidenced by a deed of trust (the &#147;<I>Existing Debt</I>&#148;). Upon or prior to the Closing Date, Seller will pay the Existing Debt in full, together with any penalties, premiums and the like, and convey all right, title and interest in
and to the Real Estate to the Company pursuant to Section&nbsp;5.10 free and clear of any Encumbrances, subject to permitted exceptions customary for similar transactions. In no even will Buyer be responsible for any prepayment penalties, yield
maintenance premiums or the like arising in connection with the Existing Debt, unless otherwise expressly agreed to in writing between the Parties. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>5.12 Franchise Agreement. </B>The Parties acknowledge and agree that the Company currently operates a Holiday Inn Express hotel (the &#147;<I>Hotel</I>&#148;) on the Real Estate pursuant to a franchise agreement between the Company and
Holiday Inns Franchising, Inc., dated as of December&nbsp;27, 1996 (the &#147;<I>Franchise Agreement</I>&#148;). Buyer will in good faith, but in its sole discretion, determine whether to cause the Company to continue to operate the Hotel pursuant
to the Franchise Agreement following the Closing Date. If Buyer determines to cause the Company </FONT>
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<FONT FACE="Times New Roman" SIZE="2">to operate the Hotel pursuant to the Franchise Agreement following the Closing Date, it will so notify Seller and Seller will, and will cause the Company to,
use commercially reasonable efforts to attempt to obtain consents from the franchisor to permit the sale of the Shares to Buyer pursuant to this Agreement. If for any reason Buyer determines not to cause the Company to continue operating the Hotel
pursuant to the Franchise Agreement or Seller is unable to obtain any required consent from the franchisor to the sale of the Shares to Buyer, Seller will cause the Company to terminate the Franchise Agreement on or prior to the Closing Date and
Seller will be solely responsible for all liability, fees, costs and expenses related to such termination, including without limitation, any termination fee, penalty, liquidated or other damages. If Buyer elects to cause the Company to continue
operating the Hotel pursuant to the Franchise Agreement (and the requisite franchisor consent is or reasonably could be obtained) and at any time thereafter elects in its sole discretion to cause the Company to terminate the Franchise Agreement for
any reason, Seller (or Company if prior to the Closing Date) and Buyer will each pay 50% of all liabilities, fees, costs and expenses directly related to the termination, including without limitation, any termination fee, penalty, liquidated or
other damages. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.13 Damage or Destruction. </B>In the event of damage to or destruction of twenty-five percent (25%)&nbsp;or more of
the improvements located on the Real Estate between the date this Agreement is executed and the Closing Date, Buyer will elect, within sixty (60)&nbsp;days following Buyer&#146;s receipt of written notice of such damage or destruction from Seller
(which notice will include adequate information regarding the extent of damage or destruction and the monetary effect thereof and the amount of any insurance proceeds to which Seller will be entitled as a result of the casualty), either (a)&nbsp;to
terminate this Agreement or (b)&nbsp;to proceed with the Closing. Notice of Buyer&#146;s election will be in writing and delivered within such 60-day period. If Buyer elects to terminate this Agreement, this Agreement will thereupon become null and
void and of no further force and effect and the Deposit, together with all interest earned thereon, will be returned to Buyer. If for any reason Buyer does not exercise the option to terminate this Agreement, Buyer will be entitled to, at Closing,
all insurance proceeds resulting from such damage or destruction and an assignment of any rights of Seller or the Company in any proceeds not yet paid to Seller and the Purchase Price will be paid without reduction. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.14 Condemnation. </B>In the event more than twenty-five percent (25%), ofthe Real Estate is subject to a taking by condemnation under the power of
eminent domain, or by threat of condemnation, between the date this Agreement is executed and the Closing Date, Buyer will elect, within ninety (90)&nbsp;days following Buyer&#146;s receipt of written notice of such condemnation or threat thereof
from Seller (which notice will include adequate information regarding the condemnation or threat thereof from Seller and the monetary effect thereof), either (a)&nbsp;to terminate this Agreement or (b)&nbsp;to proceed with the Closing. Notice of
Buyer&#146;s election will be in writing and delivered within such 60-day period. If Buyer elects to terminate this Agreement, this Agreement will thereupon become null and void and of no further force and effect and the Deposit, together with all
interest earned thereon, will be returned to Buyer. If for any reason Buyer does not exercise the option to terminate this Agreement, Buyer will be entitled to receive, at Closing, any award resulting therefrom arising or occurring prior to Closing
to which Seller may be entitled and an assignment of any rights of Seller or the Company in any award not yet paid to Seller and the Purchase Price will be paid without reduction. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.15 Insurance. </B>From and after the date this Agreement is executed, Seller will maintain insurance
coverage at levels consistent with the insurance currently in place for the Real Estate and Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.16 Revocation of S Election.
</B>On or immediately following the Closing Date, Buyer will cause the Company to revoke its election under Subchapter S of the Code so that the Company will be taxable as a corporation under Subchapter C of the Code from and after the Closing Date.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>5.17 Financial Statements and Reports; Filings. </B>As promptly as practicable and in any event not later than 20 days after the end of
each month ending after the date hereof and before the Closing Date, Seller will deliver to Buyer true and complete copies of the (i)&nbsp;unaudited balance sheet of the Company (including a trial balance which includes all accounts supporting
amounts on such balance sheet) and (ii)&nbsp;related unaudited statements of operations, statement of EBITDA and cash flows for each such month then ended. Such unaudited financial statements will be prepared in accordance with Company&#146;s past
practices. In addition, Seller will cause the Company to make representatives of the Company&#146;s management reasonably available upon request of Buyer to discuss the Company&#146;s operation and business. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">5.17.1 Seller will cause the Company to deliver to Buyer true and complete copies of such other financial statements, reports and analyses relating to
its business as may be prepared or received by the Company, or as Buyer may otherwise reasonably request. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">5.17.2 Seller will cause the
Company to deliver copies of all license applications and other filings made by the Company in connection with the operation of its business after the date hereof and before the Closing Date with any governmental or regulatory authority (other than
routine, recurring filings made in the ordinary course of business consistent with past practice). </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>6.0</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Post-Closing Covenants. </B>The Parties agree as follows with respect to the period following the Closing. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>6.1 General. </B>In case at any time after the Closing any further action is necessary or desirable to carry out the purposes of this Agreement, each
Party will take such further action (including the execution and delivery of such further instruments and documents) as the other Party may reasonably request, all at the sole cost and expense of the requesting Party (unless the requesting Party is
entitled to indemnification therefor under Section&nbsp;8 below). Seller acknowledges and agrees that from and after the Closing, Buyer will be entitled to possession of all documents, books, records (including Tax records), agreements, and
financial data of any sort relating to the Company. As further provided in Section&nbsp;9.3 below, Seller shall be entitled to reasonable access and copies of all such records if necessary for any Tax audit or other legitimate purpose. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>6.2 Litigation Support. </B>In the event and for so long as either Party actively is contesting or defending against any action, suit, proceeding,
hearing, investigation, charge, complaint, claim or demand in connection with (i)&nbsp;any transaction contemplated under this Agreement or (ii)&nbsp;any fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event,
incident, action, failure to act, or transaction on or prior to the Closing Date </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">involving the Company, each Party will cooperate with the other Party and its counsel in the contest or defense, make available their personnel, and provide
such testimony and access to their books and records as may be necessary in connection with the contest or defense, all at the sole cost and expense of the contesting or defending Party (unless the contesting or defending Party is entitled to
indemnification therefor under Section&nbsp;8 below). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>6.3 Transition. </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6.3.1 Seller will not knowingly or intentionally take action that is designed or intended to have the effect of discouraging any
franchisor, lessor, licensor, customer, supplier or other business associate of the Company from maintaining the same business relationships with the Company after the Closing as it maintained with the Company prior to the Closing. Seller will refer
all customer inquiries relating to the businesses of the Company to Buyer from and after the Closing. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6.3.2 Seller will
ensure that all of the Company&#146;s books, records, minutes and other recorded information is left with the Company and will be accessible to the Buyer. Seller will not retain possession of, remove, destroy or alter any of the Company&#146;s
books, records or minutes. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6.3.3 For ninety days following the Closing Date, Seller will provide Buyer such services as
requested by Buyer and as are reasonably necessary for Buyer to operate the Company and its business after the Closing Date. Seller will negotiate in good faith with Buyer as to the nature of the specific services to be provided and in no event will
Seller be expected or required to provide more than twenty (20)&nbsp;hours per month consulting/assisting Buyer with the transition. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>6.4 Confidentiality. </B>All information concerning the businesses and affairs of the Company that is not already generally available to the public and all information concerning the terms of this Agreement and the transactions
contemplated hereby will be subject to the confidentiality and public disclosure provisions in that certain Letter of Intent executed by the Parties as of January&nbsp;23, 2006, which provisions will survive the Closing or termination of this
Agreement for any reason. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>6.5 Covenant Not to Compete. </B>For a period of three years from and after the Closing Date, Seller will not
(i)&nbsp;engage directly or indirectly in any business that the Company conducts or proposes to conduct as of the Closing Date, including without limitation a restricted and/or non-restricted casino, bingo, poker race book or sports book business
anywhere within a ninety mile radius of the Company&#146;s principal place of business; <I>provided, however,</I> that Seller may own up to 3% of the outstanding stock of any publicly-traded corporation engaged in a business that is competitive with
the Company so long as Seller is not a director or officer of, and does not otherwise participate in the management of, such corporation or (ii)&nbsp;hire, seek to hire, or recommend or solicit the hiring of, any employee of the Company (excluding
the Company&#146;s current general manager) who continue in the employment of the Company or are hired by the Company or encourage any of such employees to terminate their employment with the Company, unless the Company has first terminated such
Person&#146;s employment. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">39 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6.5.1 From and after the Closing Date, Seller will not use or display in connection with
any business the name &#147;Stockman&#146;s&#148; or any substantially similar variant thereof. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6.5.2 If the final judgment
of a court of competent jurisdiction declares that any term or provision of this Section&nbsp;6.5 is invalid or unenforceable, the Parties agree that the court making the determination of invalidity or unenforceability will have the power to reduce
the scope, duration, or area of the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the
intention of the invalid or unenforceable term or provision, and this Agreement will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>6.6 Proprietary Information of the Company. </B>Seller acknowledges and agrees that (i)&nbsp;the Players&#146; Club Database, (ii)&nbsp;the
information contained in Section&nbsp;4.29 of the Disclosure Schedule is proprietary and confidential information of the Company. Seller and any persons claiming through or under Seller will not retain, use, sell or otherwise transfer the foregoing
information for any purpose after the Closing Date. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>7.0</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Conditions to Obligation to Close. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>7.1
Conditions to Obligation of Buyer. </B>The obligation of Buyer to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.1 the representations and warranties set forth in Section&nbsp;3.1 and Section&nbsp;4 above will be true and correct in all material
respects at and as of the Closing Date; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.2 Seller will have performed and complied with all of its covenants hereunder
in all respects through the Closing; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.3 the Company will have procured all of the third party consents specified in
Section&nbsp;5.2 above; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.4 Seller will have conveyed the Real Estate to the Company pursuant to Section&nbsp;5.10 and
Buyer will have obtained such title insurance commitments, endorsements and riders as it reasonably deems appropriate in its exercise of commercially reasonable discretion; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.5 no action, suit, or proceeding is pending or threatened before any court or quasi-judicial or administrative agency of any federal,
state, local, or foreign jurisdiction or before any arbitrator wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would (A)&nbsp;prevent consummation of any of the transactions contemplated by this Agreement,
(B)&nbsp;cause any of the transactions contemplated by this Agreement to be rescinded following consummation, (C)&nbsp;affect adversely the right of Buyer to own the Shares and to control the Company, or (D)&nbsp;have a material adverse effect on
the right of the Company to own its assets and to operate its businesses (and no such injunction, judgment, order, decree, ruling, or charge is in effect); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">40 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.7 Seller will have delivered (A)&nbsp;a physical count of cash and Cash on Hand of
the Company certified in writing by Seller, (B)&nbsp;bank reconciliations for each cash account dated as of the Closing Date certified in writing by the Seller, (C)&nbsp;statement of Working Capital and (D)&nbsp;a count of all cash, coin, tokens,
chips and all other cash equivalents certified in writing by Seller; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.8 Seller will have delivered to Buyer a
certificate to the effect that each of the conditions specified above in Sections 7.1.1-7.1.7 is satisfied in all respects; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">7.1.9 the Parties and the Company will have received all authorizations, consents, and approvals of governments and governmental agencies referred to in Section&nbsp;3.1.1, Section&nbsp;3.1.2, and Section&nbsp;4.3 above; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.10 Buyer will have received from counsel to Seller an opinion in form and substance as set forth in <U>Exhibit E</U> attached hereto,
addressed to Buyer, and dated as of the Closing Date; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.11 Buyer will have received the resignations, effective as of the
Closing, of each director and officer of the Company other than those whom Buyer will have specified in writing at least five business days prior to the Closing Date; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.12 Buyer will have obtained on terms and conditions satisfactory to it in its sole discretion sufficient debt or equity financing
necessary for it to consummate the transactions contemplated hereby and to fund the working capital requirements of the Company after the Closing; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">7.1.13 Buyer is satisfied, in its sole discretion, with the results of its due diligence investigation of the Real Estate, the Company, its assets, liabilities, business operations and prospects, including without
limitation, with respect to regulatory compliance, environmental liability and pending or threatened litigation; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.14
Buyer will have received all necessary, advisable and desirable licenses, findings of suitability and other licenses and permits with respect to it and its owners, directors, officers and key employees from all applicable gaming and liquor
regulatory authorities; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.15 no final or pending closure, downsizing or limitation in the operations of the Fallon
Naval Air Base will have been completed, initiated or announced. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.1.16 all actions to be taken by Seller in connection
with consummation of the transactions contemplated hereby and all certificates, opinions, instruments and other documents required to effect the transactions contemplated hereby will be satisfactory in form and substance to Buyer. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Buyer may waive any condition specified in this Section&nbsp;7.1 if it executes a writing so stating at or prior to the Closing. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>7.2 Conditions to Obligation of Seller. </B>The obligation of Seller to consummate the transactions to
be performed by it in connection with the Closing is subject to satisfaction of the following conditions: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.2.1 the
representations and warranties set forth in Section&nbsp;3.2 above will be true and correct in all material respects at and as of the Closing Date; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">7.2.2 Buyer will have performed and complied with all of its covenants hereunder in all material respects through the Closing; </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.2.3 no action, suit, or proceeding will be pending before any court or quasi-judicial or administrative agency of any federal, state,
local, or foreign jurisdiction wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would (A)&nbsp;prevent consummation of any of the transactions contemplated by this Agreement or (B)&nbsp;cause any of the transactions
contemplated by this Agreement to be rescinded following consummation (and no such injunction, judgment, order, decree, ruling, or charge will be in effect); </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.2.4 Buyer will have delivered to Seller a certificate to the effect that each of the conditions specified above in Section&nbsp;7.2.1
&#150; 7.2.4 is satisfied in all respects; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.2.5 the Parties and Company will have received all authorizations, consents
and approvals of governments and governmental agencies referred to in Section&nbsp;3.1.1, Section&nbsp;3.1.2, and Section&nbsp;4.3 above; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">7.2.6 all actions to be taken by Buyer in connection with consummation of the transactions contemplated hereby and all certificates, opinions, instruments and other documents required to effect the transactions
contemplated hereby will be reasonably satisfactory in form and substance to Seller. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Seller may waive any condition specified in this Section&nbsp;7.2 by
executing a writing so stating at or prior to the Closing. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>8.0</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Remedies for Breaches of This Agreement. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>8.1
Survival of Representations and Warranties. </B>All of the representations and warranties of the Parties contained in this Agreement will survive the Closing hereunder for three (3)&nbsp;years hereafter </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>8.2 Indemnification Provisions for Benefit of Buyer. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">8.2.1 In the event Seller breaches (or in the event any third party alleges facts that, if true, would mean Seller has breached) any of its surviving representations, warranties, and covenants contained herein and
Buyer makes a written claim for indemnification against Seller, then Seller agrees to indemnify Buyer and the Company from and against the entirety of any Adverse Consequences Buyer or the Company may </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">suffer through and after the date of the claim for indemnification resulting from, arising out of, relating to, in the nature of, or caused by the breach (or
the alleged breach). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8.2.2 Seller agrees to indemnify Buyer and the Company from and against the entirety of any Adverse
Consequences Buyer or the Company may suffer resulting from, arising out of, relating to, in the nature of, or caused by any Liability of the Company for any Taxes of the Company with respect to any Tax year or portion thereof ending on or before
the Closing Date (or for any Tax year beginning before and ending after the Closing Date to the extent allocable (determined in a manner consistent with Section&nbsp;9.3) to the portion of such period beginning before and ending on the Closing
Date), to the extent such Taxes are not reflected in the reserve for Tax Liability (rather than any reserve for deferred Taxes established to reflect timing differences between book and Tax income) shown on the face of the Closing Balance Sheet.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8.2.4 Seller agrees to indemnify Buyer and the Company from and against the entirety of any Adverse Consequences Buyer or
the Company may suffer resulting from, arising out of, relating to, in the nature of, or caused by any real property transfer tax which may be applicable to any transfer of the Real Estate to the Company pursuant to Section&nbsp;5.10. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>8.3 Indemnification Provisions for Benefit of Seller. </B>In the event Buyer breaches (or in the event any third party alleges facts that, if true,
would mean Buyer has breached) any of its representations, warranties, and covenants contained herein, and Seller makes a written claim for indemnification against Buyer, then Buyer agrees to indemnify Seller from and against the entirety of any
Adverse Consequences Seller may suffer through and after the date of the claim for indemnification resulting from, arising out of, relating to, in the nature of, or caused by the breach (or the alleged breach).<B> </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>8.4 Matters Involving Third Parties. </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">8.4.1 If any third party notifies either Party (the &#147;<I>Indemnified Party</I>&#148;) with respect to any matter (a &#147;<I>Third Party Claim</I>&#148;) which may give rise to a claim for indemnification against
the other Party (the &#147;<I>Indemnifying Party</I>&#148;) under this Section&nbsp;8, then the Indemnified Party will promptly notify the Indemnifying Party thereof in writing; <I>provided, however</I>, that no delay on the part of the Indemnified
Party in notifying any Indemnifying Party will relieve the Indemnifying Party from any obligation hereunder unless (and then solely to the extent) the Indemnifying Party thereby is actually prejudiced by such delay. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8.4.2 The Indemnifying Party will have the right to defend the Indemnified Party against the Third Party Claim with counsel of its choice
reasonably satisfactory to the Indemnified Party so long as (a) the Indemnifying Party notifies the Indemnified Party in writing within 15 days after the Indemnified Party has given notice of the Third Party Claim that the Indemnifying Party will
indemnify the Indemnified Party from and against the entirety of any Adverse Consequences the Indemnified Party may suffer resulting from, arising out of, relating to, in the nature of, or caused by the Third Party Claim, (b) </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<FONT FACE="Times New Roman" SIZE="2">the Indemnifying Party provides the Indemnified Party with evidence reasonably acceptable to the Indemnified Party that the Indemnifying Party will have the
financial resources to defend against the Third Party Claim and fulfill its indemnification obligations hereunder, (c)&nbsp;the Third Party Claim involves only money damages that are fully indemnified hereunder and does not seek an injunction or
other equitable relief, (d)&nbsp;settlement of, or an adverse judgment with respect to, the Third Party Claim is not, in the good faith judgment of the Indemnified Party, likely to establish a precedential custom or practice materially adverse to
the continuing business interests of the Indemnified Party, and (e)&nbsp;the Indemnifying Party conducts the defense of the Third Party Claim actively and diligently. </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8.4.3 So long as the Indemnifying Party is conducting the defense of the Third Party Claim in accordance with Section&nbsp;8.4.2 above,
(a)&nbsp;the Indemnified Party may retain separate co-counsel at its sole cost and expense and participate in the defense of the Third Party Claim, (b)&nbsp;the Indemnified Party will not consent to the entry of any judgment or enter into any
settlement with respect to the Third Party Claim without the prior written consent of the Indemnifying Party (not to be withheld unreasonably), and (c)&nbsp;the Indemnifying Party will not consent to the entry of any judgment or enter into any
settlement with respect to the Third Party Claim without the prior written consent of the Indemnified Party (not to be withheld unreasonably). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">8.4.4 In the event any of the conditions in Section&nbsp;8.4.2 above is or becomes unsatisfied, however, (a)&nbsp;the Indemnified Party may defend against, and consent to the entry of any judgment or enter into any
settlement with respect to, the Third Party Claim in any manner it reasonably may deem appropriate (and the Indemnified Party need not consult with, or obtain any consent from, any Indemnifying Party in connection therewith), (b)&nbsp;the
Indemnifying Party will reimburse the Indemnified Party promptly and periodically for the costs of defending against the Third Party Claim (including reasonable attorneys&#146; fees and expenses), and (c)&nbsp;the Indemnifying Party will remain
responsible for any Adverse Consequences the Indemnified Party may suffer resulting from, arising out of, relating to, in the nature of, or caused by the Third Party Claim to the fullest extent provided in this Section&nbsp;8. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>8.5 Determination of Adverse Consequences. </B>The Parties will take into account the time cost of money (using the Applicable Rate as the discount
rate) in determining Adverse Consequences for purposes of this Section&nbsp;8. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>8.6 Recoupment Under Buyer&#146;s Note. </B>After final
determination of any amount Buyer may be due for indemnification from Seller, Buyer will have the option of recouping all or any part of any Adverse Consequences it may suffer (in lieu of seeking any indemnification to which it is entitled under
this Section&nbsp;8) by notifying Seller that Buyer is reducing the principal amount outstanding under Buyer&#146;s Note, if any, which will affect the timing and amount of payments required under Buyer Note in the same manner as if Buyer had made a
permitted prepayment (without premium or penalty) thereunder. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">44 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>8.7 Other Indemnification Provisions. </B>The foregoing indemnification provisions are in addition to,
and not in derogation of, any statutory, equitable or common law remedy (including without limitation any such remedy arising under Environmental, Health and Safety Requirements) either Party may have with respect to the Company or the transactions
contemplated by this Agreement. Seller hereby agrees that it will not make any claim for indemnification against the Company by reason of the fact that he was a director, officer, employee or agent of any such entity or was serving at the request of
any such entity as a partner, trustee, director, officer, employee or agent of another entity (whether such claim is for judgments, damages, penalties, fines, costs, amounts paid in settlement, losses, expenses, or otherwise and whether such claim
is pursuant to any statute, charter document, bylaw, agreement, or otherwise) with respect to any action, suit, proceeding, complaint, claim, or demand brought by Buyer against Seller (whether such action, suit, proceeding, complaint, claim, or
demand is pursuant to this Agreement, applicable law, or otherwise). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>9.0 Tax Matters. </B>The following provisions will govern the allocation of
responsibility as between Buyer and Seller for certain tax matters following the Closing Date: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>9.1 Tax Periods Ending on or Before the
Closing Date. Except as provided immediately below, </B><U>Buyer</U> will cause the Company to prepare or cause to be prepared and file or cause to be filed all Tax Returns for the Company for all periods ending on or prior to the Closing Date which
are filed after the Closing Date. Buyer will permit Seller to review and comment on each such Tax Return described in the preceding sentence prior to filing. Seller and Buyer acknowledge and agree that from and after the Closing Date, the election
by Company to report and be taxed under subchapter S of the Code shall cease, and Company shall thereafter report and pay income tax under subchapter C of the Code. As a protective measure,the parties hereby agree, pursuant to code section
1377(a)(2) of the Code to terminate the year of Company as of the close of business on the Closing Date. Seller will cause Company to prepare the final Form 1120S return filed for the period ending on the Closing Date, and Seller shall be
responsible for the cost of the preparation of said return. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>9.2 Tax Periods Beginning Before and Ending After the Closing Date.
</B>Except as provided in Section&nbsp;9.1 above, Buyer will cause the Company to prepare or cause to be prepared and file or cause to be filed any Tax Returns of the Company for Tax periods which begin before the Closing Date and end after the
Closing Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>9.3 Cooperation on Tax Matters. </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">9.3.1 Buyer, the Company and Seller will cooperate fully, as and to the extent reasonably requested by the other party, in connection with
the filing of Tax Returns pursuant to this Section and any audit, litigation or other proceeding with respect to Taxes. Such cooperation will include the retention and (upon the other Party&#146;s request) the provision of records and information
which are reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Buyer and Seller
agree (A)&nbsp;to retain all books and records with respect to Tax matters pertinent to the Company relating to any taxable period beginning before the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Closing Date until the expiration of the statute of limitations (and, to the extent notified by Buyer or Seller, any extensions thereof) of the respective
taxable periods, and to abide by all record retention agreements entered into with any taxing authority, and (B)&nbsp;to give the other party reasonable written notice prior to transferring, destroying or discarding any such books and records and,
if the other party so requests, Buyer or Seller, as the case may be, will allow the other Party to take possession of such books and records. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">9.3.2 Buyer and Seller further agree, upon request of the other Party, to use their best efforts to obtain any certificate or other document from any governmental authority or any other Person as may be necessary to
mitigate, reduce or eliminate any Tax that could be imposed (including, but not limited to, with respect to the transactions contemplated hereby). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">9.3.3 Buyer and Seller further agree, upon request of the other Party, to provide the other party with all information that either Party may be required to report pursuant to Section&nbsp;6043 of the Code and all
Treasury Department Regulations promulgated thereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>9.4 Tax Sharing Agreements. </B>All tax sharing agreements or similar
agreements, if any, with respect to or involving the Company will be terminated as of the Closing Date and, after the Closing Date, the Company will not be bound thereby or have any liability thereunder. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>9.5 Certain Taxes. </B>All transfer, documentary, sales, use, stamp, registration and other such Taxes and fees (including any penalties and interest)
incurred in connection with this Agreement (including any tax imposed by any state or any of its political subdivision), will be paid by Seller when due, and Seller will, at its own expense, file all necessary Tax Returns and other documentation
with respect to all such transfer, documentary, sales, use, stamp, registration and other Taxes and fees, and, if required by applicable law, Buyer will, and will cause its affiliates to, join in the execution of any such Tax Returns and other
documentation. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>10.0</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Termination. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>10.1 Termination of Agreement.
</B>This Agreement may be terminated only as provided below: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10.1.1 Buyer and Seller may terminate this Agreement by mutual
written consent at any time prior to the Closing; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10.1.2 Buyer may terminate this Agreement by giving written notice to
Seller on or before the 60</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> day following the date of this Agreement if Buyer is not satisfied, in its sole
discretion, with the results of its continuing business, legal, environmental, and accounting due diligence regarding the Company; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">10.1.3 Buyer may terminate this Agreement by giving written notice to Seller at any time prior to the Closing (A)&nbsp;in the event Seller has breached any material representation, warranty, or covenant contained in this Agreement in any
material respect, Buyer has notified Seller of the breach, and the breach has continued without cure for a </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">period of 10 days after the notice of breach, (B)&nbsp;if, at the Closing, Seller fails to transfer the Shares through its own fault, negligence or
intentional act or omission, (C)&nbsp;if the Closing has not occurred on or before January&nbsp;31, 2007 (or April&nbsp;30, 2007, if extended pursuant to Section&nbsp;2.5), by reason of the failure of any condition precedent under Section&nbsp;7.1
hereof (unless the failure results primarily from Buyer itself breaching any representation, warranty, or covenant contained in this Agreement)) or (D)&nbsp;pursuant to the section 5.13 or 5.14; and </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10.1.4 Seller may terminate this Agreement by giving written notice to Buyer at any time prior to the Closing (A)&nbsp;in the event Buyer
has breached any material representation, warranty, or covenant contained in this Agreement in any material respect, Seller has notified Buyer of the breach, and the breach has continued without cure for a period of 10 days after the notice of
breach or (B)&nbsp;if the Closing will not have occurred on or before January&nbsp;31, 2007 (or April&nbsp;30, 2007, if extended pursuant to Section&nbsp;2.5), by reason of the failure of any condition precedent under Section&nbsp;7.2 hereof (unless
the failure results primarily from Seller itself breaching any representation, warranty, or covenant contained in this Agreement). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>10.2
Effect of Termination. </B>If any Party terminates this Agreement pursuant to Section&nbsp;10.1.1 above, all rights and obligations of the Parties hereunder will terminate without any Liability of any Party to any other Party (except for any
Liability of any Party then in breach). If the Closing fails to occur due to any fault of Seller or if this Agreement is terminated pursuant to Sections 10.1.2, 10.1.3(A) or 10.1.3(B) the entire amount of the Deposit will be returned to Buyer,
together with all interest accrued thereon, within five days after the effective date of the termination of this Agreement. If this Agreement is otherwise terminated pursuant to this Agreement the entire amount of the Deposit will be released to
Seller, together with all interest accrued thereon.<B> </B></FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>11.0</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Miscellaneous. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.1 Press Release and Public
Announcement. </B>No Party will issue any press release or make any public announcement relating to the subject matter of this Agreement without the prior written approval of the other Party; <I>provided, however</I>, that any Party may make any
public disclosure it believes in good faith is required by applicable law or any listing or trading agreement concerning its publicly-traded securities (in which case the disclosing Party will use its reasonable efforts to advise the other Parties
prior to making the disclosure). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.2 No Third-Party Beneficiaries. </B>This Agreement does not confer any rights or remedies upon any
Person other than the Parties, Company, and their respective successors and permitted assigns. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.3 Entire Agreement. </B>This
Agreement (including the documents referred to herein) constitutes the entire agreement among the Parties and supersedes any prior understandings, agreements, or representations by or among the Parties, written or oral, to the extent they related in
any way to the subject matter hereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">47 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.4 Succession and Assignment. </B>This Agreement will be binding upon and inure to the benefit of
the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other Party; <I>provided,
however</I>, that Buyer may (i)&nbsp;assign any or all of its rights and interests hereunder to one or more of its Affiliates and (ii)&nbsp;designate one or more of its Affiliates to perform its obligations hereunder (in any or all of which cases
Buyer nonetheless will remain responsible for the performance of all of its obligations hereunder). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.5 Counterparts. </B>This
Agreement may be executed in one or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>11.6 Headings. </B>The section headings contained in this Agreement are inserted for convenience only and will not affect in any way the meaning or interpretation of this Agreement. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.7 Notices. </B>All notices, requests, demands, claims, and other communications hereunder will be in writing. Any notice, request, demand, claim,
or other communication hereunder will be deemed duly given to the intended recipient as set forth below (a)&nbsp;three business days after it is sent by registered or certified mail, return receipt requested, postage prepaid, (b)&nbsp;one business
day after it is sent by Federal Express or similar reputable overnight courier service, or (c)&nbsp;upon transmission if sent via electronic mail or facsimile, provided electronic confirmation of receipt is received and a hard copy of such notice is
subsequently sent via one of the methods described in subparagraph (b)&nbsp;or&nbsp;(c): </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="80%" BORDER="0">

<TR>
<TD WIDTH="29%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="69%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">If to Seller:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">James R. Peters, Trustee</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">James R. Peters Family
Trust</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">c/o Walther, Key, Maupin, Oats, Cox&nbsp;&amp; LeGoy</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">4785
Caughlin Parkway</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Reno, Nevada 89509</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Attention: Kurt O.
Hunsberger, Esq.</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fax: (<U>775)827-2185</U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
FACE="Times New Roman" SIZE="2">Email: <U>khunsber@waltherkey.com</U></FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">If to Buyer:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Full House Resorts, Inc.</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT
FACE="Times New Roman" SIZE="2">4670 South Fort Apache Road, Suite 190</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Las Vegas, Nevada 89147</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2.00em; text-indent:-2.00em"><FONT FACE="Times New Roman" SIZE="2">Attention:Wes Elam, Vice President of Operations and Project Management</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fax: (702)&nbsp;221-8101</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
FACE="Times New Roman" SIZE="2">Email: <U>twelam@sbcglobal.net</U></FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-2.00em"><FONT FACE="Times New Roman" SIZE="2">Witha Copy to:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2.00em; text-indent:-2.00em"><FONT FACE="Times New Roman" SIZE="2">Full&nbsp;&nbsp;House Resorts, Inc.</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">4670 South Fort Apache Road, Suite 190</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Las Vegas, Nevada 89147</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT
FACE="Times New Roman" SIZE="2">Attention: Barth F. Aaron, Secretary&nbsp;&amp; General Counsel</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fax:
(702)&nbsp;221-8101</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Email: <U>b.aaron@sbcglobal.net</U></FONT></P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Either Party may change the address to which notices, requests, demands, claims and other communications hereunder are to
be delivered by giving the other Party notice in the manner herein set forth. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.8 Governing Law. </B>This Agreement will be governed
by and construed in accordance with the domestic laws of the State of Nevada without giving effect to any choice or conflict of law provision or rule (whether of the State of Nevada or any other jurisdiction) that would cause the application of the
laws of any jurisdiction other than the State of Nevada. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.9 Amendments and Waivers. </B>No amendment of any provision of this
Agreement will be valid unless the same will be in writing and signed by Buyer and Seller. No waiver by either Party of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, will be deemed to extend
to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.10 Severability. </B>Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction will not affect
the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.11 Expenses. </B>Each Party will bear its own costs and expenses (including legal fees and expenses) incurred in connection with this Agreement and
the transactions contemplated hereby. Seller represents and agrees that the Company has not borne or will not bear any of Seller&#146;s costs and expenses (including any of its legal fees and expenses) in connection with this Agreement or any of the
transactions contemplated hereby. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.12 Construction. </B>The Parties have participated jointly in the negotiation and drafting of this
Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the Parties and no presumption or burden of proof will arise favoring or disfavoring any Party by virtue
of the authorship of any of the provisions of this Agreement. Any reference to any federal, state, local, or foreign statute or law will be deemed also to refer to all rules and regulations promulgated thereunder, unless the context requires
otherwise. The word &#147;including&#148; will mean including without limitation. References to his, her or its will be construed to correspond to the appropriate gender of the Person to whom they refer, as the context may require. The Parties
intend that each representation, warranty, and covenant contained herein will have independent significance. If any Party has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another
representation, warranty, or covenant relating to the same subject matter (regardless of the relative levels of specificity) which the Party has not breached will not detract from or mitigate the fact that the Party is in breach of the first
representation, warranty, or covenant. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>11.13 Incorporation of Exhibits, Annexes and Schedules. </B>All Exhibits, Annexes, and Schedules
identified in this Agreement are incorporated herein by reference and made a part hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;* </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">SIGNATURE PAGES FOLLOW </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on as of the date first above
written. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>BUYER:</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">FULL HOUSE RESORTS, INC.</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
FACE="Times New Roman" SIZE="2">a Delaware corporation</FONT></P></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">/s/ Andre M. Hilliou </FONT></P></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Andre M. Hilliou, Chief Executive Officer</FONT></P></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>SELLER:</B></FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">/s/ James R. Peters</FONT></P></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">James R. Peters, as Trustee of The&nbsp;James&nbsp;R.&nbsp;Peters Family Trust, dated October&nbsp;18, 2002</FONT></TD></TR>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>dex991.htm
<DESCRIPTION>PRESS RELEASE
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>EXHIBIT 99.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><I>For Immediate Release </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>FULL HOUSE RESORTS, INC. TO ACQUIRE STOCKMAN&#146;S CASINO IN FALLON, NEVADA</U></B>
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Las Vegas, April&nbsp;10, 2006&#151;Full House Resorts, Inc. (AMEX: FLL) (&#147;Full House&#148;) and James R. Peters, Trustee of the James R Peters
Family Trust, today announced that they have entered into a Stock Purchase Agreement under which Full House will acquire all of the outstanding shares of Stockman&#146;s Casino, Inc. for $25.5 million. An adjustment to the purchase price could occur
if the operation exceeds certain financial targets during the 12 months prior to closing. The closing of the transaction is expected to occur later this year and is subject to the receipt of all regulatory approvals. Full House intends to finance
the transaction with some combination of cash, debt, and equity. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Stockman&#146;s Casino, Inc. owns and operates Stockman&#146;s Casino and Holiday Inn
Express in Fallon, Nevada, located about one hour East of Reno.&nbsp;Fallon is the location of Naval Air Station Fallon, the home of the Naval Strike and Air Warfare Center. Mr.&nbsp;Peters and his team will continue to operate the business until
closing. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">T. Wesley Elam, Vice President of Operations and Project Management for Full House, stated, &#147;I am impressed with the quality of the casino
and hotel and the professionalism of the staff and management. Their operational excellence and strong financial performance was the key to our final decision. Fallon is a nice area with great growth potential. The Stockman&#146;s prime location
with plenty of land will allow us to expand easily as the market warrants.&nbsp;I do not anticipate any significant changes in the business, its management or staff once we assume ownership. We look forward in continuing the tradition of
Stockman&#146;s involvement in the Fallon community.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Andre M. Hilliou, Chief Executive Officer of Full House said, &#147;Pursuant to our business
plan, we have been looking for the right operation to acquire in order to balance our Indian gaming development projects with immediate and consistent income for the company.&nbsp;Under Mr.&nbsp;Peters&#146; leadership, Stockman&#146;s has been a
consistent leader in revenue, market share and customer service.&nbsp;It is just the type of operation that we have been looking for.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">James R.
Peters said, &#147;Stockman&#146;s Casino has been a family owned business since 1969. I have been working here for 31 years and the time has come to slow down a little and enjoy life more fully. My hope is that Full House Resorts, Inc will be
responsive to Fallon&#146;s needs and will continue growing Stockman&#146;s to give the people of Fallon a quality experience to enjoy.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Stockman&#146;s Casino is completing a renovation, which will result in almost 8,400 square feet of gaming space with approximately 280 gaming machines, 4 table games and a keno game.&nbsp;The casino has a bar, a fine dining restaurant and
a popular coffee shop. The&nbsp;Holiday Inn Express has 98 guest rooms, indoor and outdoor swimming pools, a sauna, fitness club, meeting room and business center. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><U>About Full House Resorts, Inc. </U></FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Full House develops and manages gaming facilities. Full House manages Midway Slots and Simulcast at the Delaware State
Fairgrounds in Harrington, Delaware, along with the owner of the adjacent racetrack.&nbsp;Midway Slots and Simulcast has a total of 1,581 gaming devices, a 350-seat buffet, a 50-seat diner, gourmet Steak House and an entertainment lounge.&nbsp;The
Company also has a management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for the development and management of a first-class casino/resort with more than 2,000 gaming devices in the Battle Creek, Michigan area, which is
currently in the pre-development stage.&nbsp;In addition, the Company has a Gaming Management Agreement with the Namb&eacute; Pueblo of New Mexico for the development of a coordinated entertainment venue centered on a 50,000 square foot casino and
with the Northern Cheyenne Nation of Montana for the development and management of a 27,000 square foot gaming facility.&nbsp;The Company was recently selected by both the Manuelito Chapter of Navajo Indians to develop and manage a gaming facility
near Gallup, New Mexico and the Shiprock Chapter of Navajo Indians to develop and manage a gaming facility at Shiprock, New Mexico, subject to the approval of the Navajo Nation.&nbsp;Further information about the Company can be viewed on our web
site at www.fullhouseresorts.com. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><U>Forward-looking Statements </U></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Some of the statements made in this release are forward-looking statements. These forward-looking statements are based upon our current expectations and projections about
future events and generally relate to our plans, objectives and expectations for our business. Although our management believes that the plans and objectives expressed in these forward-looking statements are reasonable, the outcome of such plans,
objectives and expectations involve risks and uncertainties, including without limitation, regulatory approvals, financing sources and terms, integration of acquisitions, competition and business conditions in the gaming industry.&nbsp;Additional
information concerning potential factors that could affect Full House&#146;s financial condition and results of operations is included in the reports Full House files with the Securities and Exchange Commission, including, but not limited to,
it&#146;s Form 10-KSB for the most recently ended fiscal year. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">For the foregoing reasons, readers and investors are cautioned that there also can be no
assurance that the outcomes expressed in our forward-looking statements included in this release and otherwise will prove to be accurate. In light of the significant uncertainties inherent in such forward-looking statements, the inclusion of such
information should not be regarded as a representation or warranty by Full House or any other person that Full House&#146;s objectives and plans will be achieved in any specified time frame, if at all. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Full House does not undertake any obligation to update any forward-looking statements or to announce revisions to any forward-looking statements. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"># # # </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">For further
information, contact: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Andre M. Hilliou, Chief Executive Officer </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2">Full House Resorts, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT
FACE="Times New Roman" SIZE="2">702-221-7800 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><U>www.fullhouseresorts.com</U> </FONT></P>
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